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New Deal


Announced

AbbVie to acquire Landos Biopharma for $212m.

Financials

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Transaction Value£168m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

pharmaceutical company

Pharmaceuticals

Domestic

Friendly

Majority

Public

clinical stage biotechnology

Acquisition

Single Bidder

Pending

Synopsis

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AbbVie, an American pharmaceutical company, agreed to acquire Landos Biopharma, a clinical stage biopharmaceutical company, for $212m. "With this acquisition, we aim to advance the clinical development of NX-13, a differentiated, first-in-class, oral asset with the potential to make a difference in the lives of people living with ulcerative colitis and Crohn’s disease,” Roopal Thakkar, AbbVie senior vice president, chief medical officer, global therapeutics.

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