BMS to Acquire MyoKardia for ~$13.1B

 BMS to Acquire MyoKardia for ~$13.1B

BMS to Acquire MyoKardia for ~$13.1B

Shots:

  • BMS to acquire all the outstanding shares of MyoKardia’s common stock for $225.00/ share in cash, making a total deal value of ~$13.1B. The transaction is expected to be close in Q4’20
  • The acquisition will foster BMS’ CV portfolio with the addition of MyoKardia’s mavacamten. BMS expects to explore mavacamten in additional indications, including non-obstructive HCM and will develop MyoKardia’s two clinical-stage therapies, danicamtiv (formerly MYK-491) and MYK-224
  • Mavacamten is a potential first-in-class therapy with compelling data in the treatment of patients with symptomatic obstructive HCM. The NDA submission of the therapy is based on the EXPLORER-HCM study, which is expected to be submitted to the US FDA in the Q1’21

Click here ­to­ read full press release/ article | Ref: BMS | Image: MyoKardia

Tuba Khan

Tuba Khan is Senior Editor at PharmaShots. She is curious, creative, and passionate about recent updates and innovation in the Life sciences industry. She covers Biopharma, MedTech, and Digital health segments. Tuba also has an experience of digital and social media marketing and runs the campaigns independently. She can be contacted on tuba@pharmashots.com

Related post