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Sanofi Offers Cash Buyout For Kiadis

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  • Sanofi SA (NASDAQ: SNY) has launched a takeover offer for Kiadis Pharma NV (OTC: KIADF) to represent an aggregate adjusted equity value of €308 million. The takeover offer is priced at €5.45 per share in cash.
  • Kiadis’ board said it supported the offer, as it felt Sanofi’s infrastructure and capabilities would help develop Kiadis’ pipeline of products.
  • Kiadis’ proprietary platform is based on allogeneic or ‘off-the-shelf’ NK cells from a healthy donor that seeks and identifies malignant cancer cells and has broad application across various tumor types.
  • The transaction was announced in November last year.
  • Price Action: SNY stock is down 0.8% at $47.31 in premarket on the last check Friday.
 

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Posted-In: Biotech M&A News Health Care General

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