BMS Acquires Karuna Therapeutics for ~$14B

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Karuna Therapeutics


BMS Acquires Karuna Therapeutics for ~$14B


  • BMS signed a definitive merger agreement to acquire Karuna to strengthen its neuroscience portfolio by gaining the rights over Karuna’s lead neuroscience assets incl. KarXT, an antipsychotic
  • As per the terms of the agreement, BMS will acquire all the outstanding shares of Karuna common stock for $330/share in cash for a total equity value of ~$14B or $12.7B net of estimated cash acquired. The transaction is expected to close by H1’24
  • The US FDA has accepted Karuna's NDA filing for KarXT to treat schizophrenia (PDUFA date Sep 26, 2024). Moreover, KarXT is also being assessed in a registrational trial for adjunctive therapy to existing SoC agents in schizophrenia & to treat psychosis in patients with Alzheimer’s disease

Ref: BMS | Image: BMS

Related News:- Karuna Therapeutics Reports the NDA Submission of KarXT to the US FDA for the Treatment of Schizophrenia

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Kritika Jha

Kritika is a content writer at PharmaShots. She is interested in covering recent innovations from the pharma & MedTech industry. She covers news related to Product approvals, clinical trial results, and updates. She can be contacted at connect@pharmashots.com.

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