Ra Pharmaceuticals Targeted in $2.1 Billion Acquisition

Ra Pharmaceuticals Targeted in $2.1 Billion Acquisition

by | Oct 14, 2019 12:33 pm | Biotechnology

The global biopharmaceutical company UCB (Brussels: UCB) announced it is acquiring Ra Pharmaceuticals (NASDAQ: RARX) for $2.1 billion. Ra Pharma is a clinical-stage biopharmaceutical company that develops novel therapeutics for the treatment of serious diseases caused by excessive or uncontrolled activation of the complement system, a critical component of the innate immune system. Ra Pharmaceuticals shareholders will receive $48.00 for each held share (approx. $2.5 billion or EUR 2.2 billion), with transaction value at $ 2.1 billion or EUR 2 billion, net of Ra Pharma cash. Ra Pharma reported a trailing 12-month revenue of $2.5 million. This acquisition will give UCB a number of high-value... Read More »