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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.