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Hyperion Therapeutics Inc to acquire Andromeda Biotech Ltd from Clal Biotechnology Industries Ltd

Thursday, 24 Apr 2014 03:32am EDT 

Hyperion Therapeutics Inc:Enters into definitive agreement under which it will acquire Andromeda Biotech Ltd, Israel-based subsidiary of Clal Biotechnology Industries Ltd.Hyperion will pay $12.5 mln in cash, less adjustments for expenses incurred in connection with the transaction and 312,869 shares of Hyperion common stock (valued at about $7.85 mln).Andromeda will become wholly owned subsidiary of Hyperion. 

Company Quote

-0.13 -0.53%
31 Oct 2014