Category: Merger/Acquisition Region: Asia · Japan Company: Astellas Pharma Inc

Astellas to buy Iveric Bio for US$ 5.9 billion

Astellas to buy Iveric Bio for US$ 5.9 billion
Astellas Pharma Inc. and Iveric bio, Inc. announced that on April 29, 2023 (Japan time), the companies have entered into a definitive agreement under which Astellas through Berry Merger Sub, Inc., a wholly-owned subsidiary of Astellas US Holding, Inc., has agreed to acquire 100% of the outstanding shares of Iveric Bio for US$ 40.00 per share in cash for a total equity value of approximately US$ 5.9 billion (the

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