Merck to Acquire Rahul Kakkar-Led Pandion Therapeutics for $1.85 Billion
Rahul Kakkar
WATERTOWN, Mass.– Merck and Pandion Therapeutics, Inc. announced that the companies have entered into a definitive agreement, under which Merck, through a subsidiary, will acquire Pandion, a clinical-stage biotechnology company developing novel therapeutics designed to address the unmet needs of patients living with autoimmune diseases, for $60 per share in cash. This represents an approximate total equity value of $1.85 billion.
“This acquisition builds upon Merck’s strategy to identify and secure candidates with differentiated and potentially foundational characteristics,” Dr. Dean Y. Li, president, Merck Research Laboratories, said in a statement. “Pandion has applied its TALON technology to develop a robust pipeline of candidates designed to re-balance the immune response with potential applications across a wide array of autoimmune diseases.”
Merck to Acquire Pandion Therapeutics
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Anti-Trust Clearances Received and Transaction Remains On-Track to Close in the Second Quarter of 2021
LEAMINGTON, ON and NANAIMO, BC, Feb. 23, 2021 /PRNewswire/ - Aphria Inc. (
Aphria ) (TSX: APHA andNASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, and Tilray, Inc. (
Tilray ) (NASDAQ: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, are pleased to announce the launch of the website: www.aphriatilraytogether.com. This new, dedicated resource seeks to provide shareholders of both companies with pertinent information, news and updates leading up to the special meetings of shareholders at which Aphria s and Tilray s respective shareholders will vote on the resolutions necessary to implement the proposed business combination of the two companies (the