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New Deal


Announced

Biomed Industries to acquire Neoleukin Therapeutics for $68m.

Financials

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Transaction Value£55m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium80%
One Off Charge-

Tags

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Domestic

Majority

Biotechnology

Single Bidder

United States

Friendly

Public

biotechnology

Acquisition

Pending

Synopsis

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Biomed Industries, a bio-pharmaceutical company, offered to acquire Neoleukin Therapeutics, a biotechnology company, for $68m. "We believe our offer is very compelling as it provides Neoleukin's shareholders with a highly certain and significant return and the ability to obtain liquidity for their shares, as well as the upside potential of Biomed," Lloyd L. Tran, Biomed Industries Chairman and CEO.

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