.
MergerLinks Header Logo

New Deal


Announced

Completed

Harmony Biosciences completed the acquisition of Zynerba Pharmaceuticals for $200m.

Financials

Edit Data
Transaction Value£157m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

transdermal cannabinoid therapies

Domestic

Friendly

United States

treatment development

Biotechnology

Acquisition

Majority

Single Bidder

Public

Completed

Synopsis

Edit

Harmony Biosciences, a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases, completed the acquisition of Zynerba Pharmaceuticals, a provider of innovative pharmaceutically-produced transdermal cannabinoid therapies for orphan neuropsychiatric disorders, for $200m. "Zygel is a significant market opportunity that advances our long-term growth strategy of developing a diversified portfolio beyond sleep/wake therapies.This acquisition expands our pipeline with a product candidate in our area of expertise that could address high unmet medical needs for people living with rare neuropsychiatric disorders," Jeffrey M. Dayno, Harmony Biosciences President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US