.
MergerLinks Header Logo

New Deal


Announced

Completed

enGene went public via a merger with Forbion European Acquisition in a $246m deal.

Financials

Edit Data
Transaction Value£196m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Acquisition

Friendly

De-SPAC

Cross Border

Merger

Private

Biotechnology

biotechnology company

Canada

Venture Capital

Majority

Reverse Takeover

Completed

Synopsis

Edit

enGene, a clinical-stage biotechnology company developing non-viral gene therapies based on localized delivery of nucleic acid payloads to mucosal tissues, went public via a merger with Forbion European Acquisition, a special purpose acquisition company formed for the purpose of effecting a merger, in a $246m deal. “While gene therapy has fundamentally changed treatment outcomes for patients with challenging illnesses, the products themselves are often difficult to manufacture and administer. Our mission at enGene is to broaden the reach of gene therapy by creating safe, locally deliverable, non-viral therapies while freeing physicians from the onerous handling procedures typically required by viral-based gene therapy products. The proposed business combination with FEAC will enable us to build on the favorable safety and promising preliminary efficacy data from the Phase 1 portion of our Phase 1/2 LEGEND clinical trial of intravesical detalimogene voraplasmid, which we believe has the potential to set a new bar for organ-sparing NMIBC treatments and serve as the cornerstone of a multi-indication franchise,” Jason Hanson, enGene CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US