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Aralez signs LOI to divest Canadian spec pharma operations to Nuvo; later signs definitive agreement

Executive Summary

Nuvo Pharmaceuticals Inc. signed a non-binding letter of intent (LOI) under a stalking-horse bid process to acquire Aralez Pharmaceuticals Inc.'s Canadian specialty pharmaceutical business, formerly known as Tribute Pharmaceuticals Canada Inc., along with associated personnel and infrastructure. Aralez plans to negotiate with Nuvo to execute a definitive agreement by August 19, 2018.
Deal Industry
  • Medical Devices
  • Pharmaceuticals
  • Pharmaceuticals
    • Specialty Pharmaceuticals
  • Biotechnology
    • Large Molecule
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Contract
    • Intra-Biotech Deal
    • Payment Includes Cash

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