PTC Therapeutics to Acquire Censa Pharmaceuticals

May 6, 2020

PTC Therapeutics has entered into an agreement to acquire Censa Pharmaceuticals to obtain CNSA-001 (sepiapterin), a Phase 3–ready oral therapy for phenylketonuria (PKU) and other BH4-pathway disorders. Under the deal PTC will pay approximately $10 million cash upfront and up to 850,000 shares of PTC common stock, plus potential development, regulatory and sales milestones totaling hundreds of millions of dollars.

Buyers
PTC Therapeutics, Inc.
Targets
Censa Pharmaceuticals, Inc.
Industry
Biotechnology
Location
Massachusetts, United States
Transaction Type
Buyout

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