Sanofi to Acquire Kiadis for ~$358M

 Sanofi to Acquire Kiadis for ~$358M

Sanofi to Acquire Kiadis for ~$358M

Shots:

  • Sanofi to acquire all outstanding shares of Kiadis for $6.34/ share, representing an equity value of $358.76M. The offer price represents a premium of 272% over the closing price on Oct 30, 2020, a premium of ~247% over the 30 trading days VWAP and a premium of ~200% over the 90 trading days VWAP
  • The transaction is expected to be completed in H1’21. The addition of Kiadis’ NK cell platform and pipeline of cell-based cancer immune-therapeutics & infectious disease therapies complements Sanofi’s existing therapeutic expertise
  • In July’2020, Sanofi licensed Kiadis’ pre-clinical K-NK004 program for MM. Sanofi’s infrastructure and capabilities will be leveraged to advance the development of Kiadis’ pipeline

Click here to­ read the full press release/ article | Ref: Sanofi | Image: Kiadis

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

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