Sobi Acquires CTI BioPharma Corp.

June 26, 2023

Swedish Orphan Biovitrum AB (Sobi) completed the acquisition of CTI BioPharma Corp. through a cash tender offer and subsequent merger, paying USD 9.10 per share for a transaction valued at up to USD 1.7 billion. CTI, a Seattle-based biopharmaceutical company with the FDA-approved product VONJO and ~144 employees, becomes an indirect wholly owned subsidiary of Sobi and will be delisted from NASDAQ.

Buyers
Swedish Orphan Biovitrum AB (Sobi)
Targets
CTI BioPharma Corp.
Industry
Biotechnology
Location
Washington, United States
Transaction Type
Buyout

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