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0.448598130841121 0.224299065420561 0.242990654205607 0.121495327102804 0.14018691588785 0.11214953271028 0.186915887850467 0.196261682242991
Stock impact report

pSivida acquires Icon Biosciences, to rename as EyePoint Pharmaceuticals [Seeking Alpha]

PSIVIDA (PSDV) 
Last psivida earnings: 2/7 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.psivida.com
Company Research Source: Seeking Alpha
pSivida acquires Icon Biosciences, to rename as EyePoint PharmaceuticalspSivida (NASDAQ:PSDV)acquires privately held Newark, CA-basedIcon Bioscience for what appears to be $55M. The transaction will be financed via a $35M equity investment by EW Healthcare Partners plus a debt facility up to $20M provided by SWK Holdings.EW and another unnamed investor have the option to invest another $25.5M.Icon's lead drug is DEXYCU (dexamethasone intraocular suspension) 9% for the treatment of postoperative after eye surgery.The combined company will do business as EyePoint Pharmaceuticals and will list under the symbol "EYPT" effective April 2.Management will host a conference call tomorrow, March 29, at 8:00 am ET to discuss the deal.See all stocks on the move »Now read:Valeant: Generic Syprine Is Finally Here » Show less Read more
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