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Aclaris buys Confluence Life Sciences for $20mm plus $80mm in earn-outs
22 Sep 2020
Executive Summary
Aclaris Therapeutics Inc. acquired private kinase inhibitor firm Confluence Life Sciences Inc. for $20mm up front ($10mm in cash and $10mm in Aclaris common shares). Confluence shareholders could also get up to $80mm in earn-outs for development, regulatory, and sales achievements, plus low-single-digit royalties.
Deal Industry
- Pharmaceuticals
-
Biotechnology
- Large Molecule
Deal Status
- Final
Deal Type
-
Acquisition
- Acquisition of Private Biotech
- Full Acquisition
- Includes Earnout
- Intra-Biotech Deal
- Payment Includes Cash
- Payment Includes Stock
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