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Alcobra, Arcturus merge in reverse stock swap
10 Oct 2017
Executive Summary
Troubled Israeli biotech Alcobra Ltd. (mostly cognitive disorder therapeutics) has agreed to merge in a reverse stock swap with private US RNA-focused start-up Arcturus Therapeutics Inc. (ATI; rare diseases) to form a new company known as Arcturus Therapeutics Ltd. (ATL), in which Arcturus will have a 60% stake and Alcobra will hold the remainder. Alcobra announced in May it was looking for strategic alternatives (including partnering or M&A opportunities) to create shareholder value.
Deal Industry
- Pharmaceuticals
-
Pharmaceuticals
-
Drug Delivery
- Controlled Release
- Macromolecule
-
Drug Delivery
-
Biotechnology
- Antisense, Oligonucleotides
- Large Molecule
- Nanotechnology, Chips, etc.
Deal Status
- Final
Deal Type
-
Acquisition
- Acquisition of Private Biotech
- Full Acquisition
- Includes Contract
- Intra-Biotech Deal
- Payment Includes Stock
- Reverse Acquisition
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