Sobi to Acquire CTI BioPharma for ~$1.7B

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Sobi to Acquire CTI BioPharma for ~$1.7B


  • Sobi will acquire CTI for $9.10/share of common stock in cash representing an equity value of ~$1.7B at an 89% premium to CTI's closing share price on May 2023. The transaction is expected to close in Q3’23
  • The acquisition will strengthen Sobi's portfolio of leading hematology medicines through CTI's Vonjo, a US FDA-approved treatment for myelofibrosis. CTI is primarily focused on blood-related cancers and rare diseases & will become a wholly-owned subsidiary of Sobi
  • The acquisition also accelerates Sobi's commercial footprint in the US. CTI will benefit from Sobi's resources, scale & strong international presence to expand & investigate new indications & development opportunities for Vonjo

Ref: PRnewswire | Image: CTI BioPharma

Related News:- CTI BioPharma’s Vonjo (pacritinib) Receives the US FDA’s Accelerated Approval for the Treatment of Myelofibrosis and Thrombocytopenia

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Neha Madan

Neha is a Senior Editor at PharmaShots. She is passionate and very enthusiastic about recent updates and developments in the life sciences and pharma industry. She covers Biopharma, MedTech, and Digital health segments along with different reports at PharmaShots. She can be contacted at connect@pharmashots.com.

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