Shin Nippon Biomedical Laboratories Acquires Satsuma Pharmaceuticals
April 16, 2023
Shin Nippon Biomedical Laboratories, Ltd. (SNBL) has entered into a definitive agreement to acquire all outstanding shares of Satsuma Pharmaceuticals for $0.91 per share in cash plus a non-tradeable contingent value right (CVR) of up to $5.77 per share tied to future monetization of STS101. The transaction gives SNBL ownership of Satsuma's investigational intranasal migraine product STS101 and associated delivery technology, and is supported by Satsuma’s board as maximizing value for stockholders.
- Buyers
- Shin Nippon Biomedical Laboratories, Ltd. (SNBL)
- Targets
- Satsuma Pharmaceuticals, Inc.
- Industry
- Biotechnology
- Location
- California, United States
- Transaction Type
- Buyout
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