VIVA Biotech Sells Minority Stake in Arthrosi Therapeutics for Up to US$1.5 Billion

Reuters12-14 19:11
VIVA Biotech Sells Minority Stake in Arthrosi <a href="https://laohu8.com/S/LENZ">Therapeutics</a> for Up to US$1.5 Billion

Viva Biotech Holdings announced that its wholly-owned subsidiary, Viva Incubator, has agreed to dispose of its minority equity interest in Arthrosi Therapeutics. The transaction will occur through a merger in which Sobi US Holding Corp. will acquire Arthrosi Therapeutics. Under the terms of the merger agreement, Viva Biotech Holdings will receive an upfront payment of US$950 million at closing, subject to customary adjustments, and may receive additional contingent consideration of up to US$550 million. Following the completion of the merger, Viva Biotech Holdings will no longer hold any equity interest in Arthrosi Therapeutics.

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