Announced
Financials
Tags
Pharmaceuticals
Single Bidder
Pending
drug discovery
United States
Majority
Acquisition
Private
Friendly
Domestic
Synopsis
Emergent BioSolutions, a provider of public health products to government and healthcare providers, agreed to acquire TEMBEXA, a medical countermeasure for smallpox, from Chimerix, a biopharmaceutical company, for $338m. “Emergent is an ideal partner to maximize the long-term potential of TEMBEXA to ensure pandemic preparedness in the event of a smallpox recurrence. This transaction significantly enhances Chimerix’s balance sheet and allows us to focus and invest in our development pipeline. We also continue to participate in the longer-term economics of TEMBEXA through US milestones and double-digit royalties from US and international revenues," Mike Sherman, Chimerix CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.