Revolution Medicines to Acquire EQRx in All-Stock Deal

August 1, 2023

Revolution Medicines (NASDAQ: RVMD) has agreed to acquire EQRx (NASDAQ: EQRX) in an all‑stock transaction that will transfer more than $1 billion in net cash to Revolution’s balance sheet. The deal is intended to strengthen Revolution Medicines’ financial position to accelerate clinical development of its RAS(ON) inhibitor pipeline while EQRx will wind down most of its R&D programs post-closing.

Buyers
Revolution Medicines, Inc.
Targets
EQRx, Inc.
Sellers
EQRx stockholders
Industry
Pharmaceuticals
Location
Massachusetts, United States
Transaction Type
Buyout

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