Harmony Biosciences Acquires Zynerba Pharmaceuticals

August 14, 2023

Harmony Biosciences Holdings, Inc. agreed to acquire Zynerba Pharmaceuticals, Inc. in a cash tender offer of $1.1059 per share (approximately $60 million) plus one contingent value right (CVR) per share for up to $140 million of milestone-based payments (total potential consideration up to $200 million). The transaction, unanimously approved by both boards, is expected to close in Q4 2023 and will add Zynerba’s synthetic transdermal cannabidiol candidate Zygel and related rare neuropsychiatric programs to Harmony’s pipeline.

Buyers
Harmony Biosciences Holdings, Inc.
Targets
Zynerba Pharmaceuticals, Inc.
Industry
Pharmaceuticals
Location
Pennsylvania, United States
Transaction Type
Buyout

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