UCB To Acquire Candid Therapeutics for Up to $2.2 Billion
May 3, 2026
UCB, a global biopharmaceutical company, has signed a definitive agreement to acquire Candid Therapeutics for up to $2.2 billion. The deal includes $2.0 billion in upfront payments and up to $200 million in potential milestone payments, and is expected to close by the end of Q2 or early Q3 2026, subject to antitrust clearance and customary conditions.
- Buyers
- UCB
- Targets
- Candid Therapeutics
- Industry
- Biotechnology
- Location
- California, United States
- Transaction Type
- Buyout
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