MoonLake Immunotherapeutics AG and Helix Acquisition Corp. Announce Business Combination Agreement for Tri-specific Nanobody Sonelokimab
October 4, 2021
MoonLake Immunotherapeutics AG entered into a definitive business combination agreement with Helix Acquisition Corp. to create a publicly listed biotechnology company focused on advancing tri-specific nanobody sonelokimab for IL-17A/F-driven skin and joint diseases. The transaction is expected to close late in Q4 2021 or early in Q1 2022 and provides approximately $230 million in total proceeds, including cash in Helix’s trust account and a $115 million PIPE led by Cormorant Asset Management.
- Buyers
- Helix Acquisition Corp., Cormorant Asset Management
- Targets
- MoonLake Immunotherapeutics AG
- Industry
- Biotechnology
- Location
- Switzerland
- Transaction Type
- Buyout
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