It is a subsidiary of Hoffmann-La Roche. History. Life Sciences
The closing of the tender offer will be subject to a majority of Spark Therapeutics’ outstanding shares being tendered.
ONCE makes up 1.5% of XBI's underlying holding and 3.5% of PBE's portfolio.Spark Therapeutics is so far the only company to have successfully released a gene therapy for a genetic disease in the U.S. after gaining FDA approval for its Luxturna treatment for a rare genetic eye defect. Antitrust + Competition
Biotechnology stocks and sector-specific ETFs climbed Monday after Roche announced it will pay $4.8 billion to acquire Spark Therapeutics. ONCE … Swiss healthcare company Roche has received clearances in the UK and US for its proposed acquisition of US-based gene therapy company Spark Therapeutics for $4.8bn. High, Jeffrey Marrazzo, and Steven Altschuler in an effort to commercially develop treatments against haemophilia that High was working on at Children's Hospital of Philadelphia.
The founding team includes scientists who have led the advancement of gene therapy over the past two decades, establishing human proof of concept of the expression of gene therapy in the eye and liver. Mergers + Acquisitions
Spark Therapeutics, Inc. is a developer of gene therapy treatments, which treat debilitating genetic diseases. In addition, the transaction is subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions.
Roche announced it will pay $4.8 billion to acquire Spark Therapeutics. That would give Roche little time to gather at least 50% of Spark shares to complete the acquisition by year-end.
Spark Therapeutics Inc. The company was founded in 2013 by Katherine A. The Goodwin team advised Spark Therapeutics (NASDAQ: ONCE) on its definitive merger agreement to be fully acquired by Roche at a price of $114.50 per share in an all-cash transaction.
Spark will continue its operations in Philadelphia as an independent company within the Roche Group Basel, 17 December 2019 - Roche (SIX: RO, ROG; OTCQX: RHHBY) and Spark Therapeutics, Inc. (“Spark”) today announced the completion of the acquisition following the receipt of regulatory approval from all government authorities required by the merger agreement.
Goodwin Named The Number One Firm For Technology, Healthcare And Life Sciences M+A In H1 2020
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The company's product candidates are in the field of retina-directed gene therapies, liver-directed gene therapies, and central nervous system therapies. Healthcare "Although the price that Roche is paying for Spark seems steep, we see three potential rationales driving the deal," Leerink analyst Joseph Schwartz said in a note to clients, according to The acquisition also sparked a rally in other gene therapy biotechnology stocks as investors were hopeful of further M&A prospects down the road. Read more on antitrust M&A hemophilia analysts Roche Spark Therapeutics … UniQure could also be a market leader in hemophilia B.
Spark Therapeutics will continue its operations in Philadelphia as an independent company within the Roche Group.Under the terms of the agreement, Roche will promptly commence a tender offer to acquire all outstanding shares of Spark’s common stock, and Spark will file a recommendation statement containing the unanimous recommendation of the Spark board that Spark shareholders tender their shares to Roche. Spark stocks surged over 120% in response to the announcement. The company shows proof-of-concept data for its gene therapies and certain designations from regulators in the U.S. or Europe. Spark Therapeutics is a fully integrated, commercial gene therapy company dedicated to challenging the inevitability of genetic disease. "We believe the Roche-Spark news supports out (a merger) thesis on UniQure," Amusa said in a report, adding that "hemophilia gene therapy is seemingly of high interest to big biopharma. The merger agreement has been unanimously approved by the boards of both Spark and Roche. The closing of the transaction is expected to take place in the second quarter of 2019.For additional details on the acquisition, please read the
Public Companies
Spark Therapeutics is developing potentially curative, one-time gene therapy products to transform the lives of patients and re-imagine the treatment of debilitating diseases. Virtusa to be Acquired by Baring Private Equity Asia for $51.35 Per Share in All-Cash Transaction Valued at $2.0 Billion
The acquisition, signed in February , faced delays as the Competition and Markets Authority (CMA) in the UK and the Federal Trade Commission (FTC) in the US launched a review of the deal’s impact on …
Spark Therapeutics Inc is a United States based company operating in the field of gene therapy. For instance, Chardan analyst Gbola Amusa highlighted UniQure's similarities to Spark. It is focused on debilitating genetic diseases by developing one-time, life-altering treatments. Spark stocks surged over 120% in response to the announcement.
Life Sciences M + A
This corresponds to a total equity value of approximately $4.8 billion on a fully diluted basis, inclusive of approximately $500 million of projected net cash expected at close.
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