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Announced

Equillium failed to acquire Metacrine for $33m.

Financials

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Transaction Value£28m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium25%
One Off Charge-

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biopharmaceutical company

Acquisition

United States

Domestic

Majority

Single Bidder

Biotechnology

Failed

Public

Synopsis

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Equillium, a biotechnology company, failed to acquire Metacrine, a clinical-stage bio pharmaceutical company, for $33m. On December 23, 2022, Metacrine and Equillium announced the mutual termination of their previously announced definitive merger agreement. Metacrine is continuing to evaluate all strategic opportunities.

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