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British Biotech merges with RiboTargets

Executive Summary

Following talks that began in January, British Biotech (matrix metalloproteinase inhibitors, MMPIs) has agreed to merge with RiboTargets (anti-infectives and oncology drugs). RiboTargets' CEO Simon Sturge becomes CEO of the new biotech company, which will be 50.01% owned by the shareholders of BB, and 49.99% by RiboTargets.

Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Drug Discovery Tools
Deal Status
  • Final
Deal Type
  • Acquisition
    • Intra-Biotech Deal
    • Partial Acquisition
    • Payment Includes Stock

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