Roche Acquires Carmot Therapeutics for $2.7 Billion Upfront

December 4, 2023

Carmot Therapeutics entered into a definitive merger agreement to be acquired by Roche for $2.7 billion upfront, with up to $400 million in potential milestone payments. Carmot’s shareholders will receive $2.7 billion in cash at closing, and Carmot and its employees will join the Roche Group’s Pharmaceuticals Division.

Buyers
Roche
Targets
Carmot Therapeutics
Industry
Biotechnology
Location
United States
Transaction Type
Buyout

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