Ironwood to Acquire VectivBio for ~$1B
Shots:
- Ironwood will purchase all of VectivBio’s outstanding ordinary shares for $17.00/share in cash with an estimated consideration of ~$1B representing an 80% premium on the company’s avg. trading price over the previous 90 trading days. The transaction is expected to close in H2’23
- The acquisition will strengthen Ironwood’s innovative portfolio and pipeline to advance the treatment of GI diseases along with supporting long-term profitability & cash-flow generation
- VectivBio’s apraglutide, a next-generation, GLP-2 analog is currently in P-III for short bowel syndrome with intestinal failure (SBS-IF) which will assess clinical benefit for both SBS-IF stoma and colon-in-continuity patients & results are expected at the end of 2023
Ref: Businesswire | Image: Ironwood
Related News:- Pear Therapeutics Signs an Agreement with Ironwood to Assess Prescription Digital Therapeutics for GI Indications
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Neha is a Senior Editor at PharmaShots. She is passionate and very enthusiastic about recent updates and developments in the life sciences and pharma industry. She covers Biopharma, MedTech, and Digital health segments along with different reports at PharmaShots. She can be contacted at connect@pharmashots.com.
