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Provider: Thomson Reuters Stock Report
Provider: S&P Capital IQ Quantitative Report
Provider: Reuters Investment Profile
Provider: Reuters Investment Profile

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BELLUS Health Inc To Acquire Thallion Pharmaceuticals

Tuesday, 18 Jun 2013 07:30am EDT 

BELLUS Health Inc announced that BELLUS Health has agreed to acquire Thallion for approximately $6.332 million in cash, or $0.1765 per share (on a fully-diluted basis), subject to certain adjustments as described below, and the issuance of contingent value rights (CVRs), which will entitle the holders thereof to additional payments of up to approximately $7.66 million, or $0.2135 per CVR, if certain product revenue milestones are achieved and a future receivable is collected. The acquisition agreement between BELLUS Health and Thallion provides for a cash consideration of approximately $6.332 million ($0.1765 per common share (on a fully-diluted basis)), subject to adjustments, and (ii) the issuance of one CVR per common share, entitling the holder thereof to: (A) its pro rata share of 80% of any additional purchase price consideration to be received from Premium Brands Holding Corp. in 2016 (expected to be up to approximately $1.45 million) (or $0.0323 per CVR), and (B) its pro rata share of 5% of the Shigamabs revenue generated or received by BELLUS Health, capped at $6.5 million (or $0.1812 per CVR), payable in installments upon the achievement by BELLUS Health of each whole $10 million tranche of revenue on Shigamabs. 

Company Quote

0.02 +1.55%
22 Oct 2014