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Genome Therapeutics acquires GeneSoft Pharmaceuticals

Executive Summary

Genome Therapeutics (GT) is acquiring fellow anti-infective therapeutics developer GeneSoft Pharmaceuticals for about $106mm. It issued GeneSoft 28mm of its shares, worth $82mm just prior to announcement, plus assumed $24mm of GeneSoft's debt. GT will own 57% of the combined company.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Includes Contract
    • Intra-Biotech Deal
    • Partial Acquisition
    • Payment Includes Stock

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