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Move Over Roivant, Nuvation: EQRx Reveals Biggest Biopharma SPAC Merger This Year

Deal Gives Developer Of Low-Cost Drugs $1.8bn In New Cash

Executive Summary

EQRx has raised at least $750m since it launched in January 2020 and will have $2bn to fund its ongoing development of low-cost drugs after merging with a special purpose acquisition corporation.

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With cash preservation in mind, Rubius will dissolve, while EQRx, Impel, Cybin and Graphite cut jobs. Meanwhile, Jounce is restructuring and it plans to merge with Redx, yet the dually troubled firms MEI Pharma and Infinity will combine, while VBL will disappear in a reverse merger with Notable Labs. 

EQRx Confronts US Drug Development Realities, Shifts Pricing Approach

Because of FDA requirements for studies applicable to US patients, EQRx ended US development of its PD-1 inhibitor and will launch its EGFR and CDK4/6 inhibitors at market-based prices.

EQRx Confronts US Drug Development Realities, Shifts Pricing Approach

Because of FDA requirements for studies applicable to US patients, EQRx ended US development of its PD-1 inhibitor and will launch its EGFR and CDK4/6 inhibitors at market-based prices.

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