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Announced

Merck to acquire Chord Therapeutics from Omega Funds.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Biotechnology

Switzerland

rare diseases

Acquisition

Single Bidder

Cross Border

Majority

Pending

Friendly

Private

Private Equity

Synopsis

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Merck, a science and technology company, agreed to acquire Chord Therapeutics, a biopharmaceutical company, from Omega Funds, an international investment firm that creates and invests in life sciences companies. "I am very pleased with Chord's progress over the last year since our launch. I am grateful to Omega Funds for their support and financing, and for sharing our vision of the potential of cladribine in NMOSD and gMG. We are thrilled that our work is now continued by Merck and delighted with this opportunity to considerably accelerate the development to bring this drug to patients in need faster," Tom Plitz, Chord Therapeutics CEO.

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