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Announced

Leap Therapeutics to acquire Flame Biosciences.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares, Preference Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Biotechnology

Single Bidder

biotechnology

Private

Pending

Friendly

United States

Acquisition

Domestic

Majority

Synopsis

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Leap Therapeutics, a biotechnology company focused on developing targeted and immuno-oncology therapeutics, agreed to acquire Flame Biosciences, a privately-held biotechnology company. Financial terms were not disclosed. "Flame conducted an extensive strategic process. It was clear that the Leap development team, with its expertise in developing DKN-01, was the ideal partner for FL-301, our preclinical assets, and the Flame shareholders," Patricia Martin, Flame Co-CEO.

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