Chiesi to Acquire Amryt Pharma for ~$1.48B
Shots:
- Amryt shareholders will receive $14.50 per ADS up front & CVR of ~$2.50 per ADS (in total about $225M) based on the achievement of milestones related to Amryt's product Filsuvez representing a total transaction value of (~$1.25B in upfront consideration & $0.225B in CVR) at a premium of 107% to Amryt ADS’ closing price on Jan 2023. The transaction is expected to close at the end of H1’23
- The acquisition will accelerate Chiesi’s rare disease medicine portfolio & expertise that helps to provide therapies to patients with rare diseases. The therapy is already approved in the EU for epidemolysis bullosa
- The Chiesi’s goal is to improve people’s QoL while Amryt focuses to bring innovative products to new markets
Ref: Globenewswire | Image: Amryt Pharma
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