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AstraZeneca buys Novexel for $430mm up front
27 Oct 2020
Executive Summary
AstraZeneca will pay $350mm in cash to acquire privately held Novexel (antibiotics). It will also transfer to shareholders an amount equal to Novexel's cash balance when the deal closes (about $80mm), and could pay up to an additional $75mm in development-based earn-outs.
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Acquisition
- Acquisition of Private Biotech
- Full Acquisition
- Includes Earnout
- Payment Includes Cash for Equity
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