BRIEF-Bioverativ to acquire True North Therapeutics [Reuters]
BIOVERATIV INC COMMON (BIVV)
Last bioverativ inc common earnings: 2/13 04:15 pm
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investors.bioverativ.com/phoenix.zhtml?c=254463&p=irol-irhome_pf
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Source: Reuters
BRIEF-Bioverativ to acquire True North Therapeutics n"May 23 Bioverativ Inc- * Bioverativ to acquire clinical-stage rare diseasebiotechnology company, True North Therapeutics * Bioverativ Inc - deal for for an upfront payment of $400million plus assumed cash * Bioverativ Inc - true north investors are also eligible toreceive additional payments of up to $425 million contingent onachievement of future milestones * Says the acquisition will be financed through acombination of cash on hand and debt * Bioverativ Inc says has entered into a definitiveagreement to acquire south san francisco-based true norththerapeuticsSource text for Eikon:Further company coverage:
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