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Pfizer to acquire HBM portfolio company Biohaven Pharmaceuticals in USD 11.6 billion deal

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HBM Healthcare Investments AG / Key word(s): Acquisition
Pfizer to acquire HBM portfolio company Biohaven Pharmaceuticals in USD 11.6 billion deal
10.05.2022 / 18:25

HBM Healthcare Investments today announces that its portfolio company Biohaven Pharmaceuticals (NYSE: BHVN) will be acquired by Pfizer (NYSE: PFE) for USD 11.6 billion in cash. The acquisition price of USD 148.50 per Biohaven share represents a premium of approximately 78 percent to the closing share price on 9 May 2022. Biohaven shareholders will also receive shares in "New Biohaven", a new publicly traded company that will retain Biohaven's non-CGRP pipeline compounds in development.

HBM Healthcare Investments holds around 0.45 million shares in Biohaven with a total value of USD 67 million based on the acquisition price. Following the acquisition of Sierra Oncology by GlaxoSmithKline in April and of Zogenix by UCB in January, this is the third acquisition from HBM Healthcare Investments' portfolio of listed companies in the current calendar year 2022.

Contact
For further information, please contact Dr Andreas Wicki on +41 41 710 75 77, or at andreas.wicki@hbmhealthcare.com.


End of Media Release

Language:

English

Company:

HBM Healthcare Investments AG

Bundesplatz 1

6300 Zug

Switzerland

Phone:

+41438887171

Fax:

+41438887172

E-mail:

info@hbmhealthcare.com

Internet:

https://www.hbmhealthcare.com

ISIN:

CH0012627250

Valor:

1262725

Listed:

SIX Swiss Exchange

EQS News ID:

1348797


 

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