Ipsen Completes Acquisition of Clementia Pharmaceuticals
CLEMENTIA PHARMACEUTICALS INC COMMON SHARES (CMTA)
Last clementia pharmaceuticals inc common shares earnings: 11/7 06:30 am
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Source: Business Wire
Ipsen’s Rare Diseases portfolio significantly enhanced with late-stage drug candidate, palovarotene, for the treatment of rare bone disorders in adult and pediatric patients Transaction reinforces Ipsen’s strong commitment to providing life-altering treatments to patients with high unmet medical needs PARIS--(BUSINESS WIRE)-- Regulatory News: Ipsen (Euronext: IPN; ADR: IPSEY) and Clementia Pharmaceuticals (NASDAQ: CMTA) today announced the closing of Ipsen’s acquisition of Clementia following approval of the arrangement by Clementia shareholders and the Quebec Superior Court. Pursuant to the arrangement, Clementia shareholders will receive US$25.00 per share in cash upfront and one contingent value right (CVR) per share entitling them to receive US$6.00 per CVR upon the U.S. Food and Drug Administration's (FDA) acceptance of the regulatory filing for palovarotene
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