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Deal Watch: Chinook To Go Public Via Reverse Merger With Troubled Aduro

 
• By Joseph Haas, Ian Haydock, and Jung Won Shin

Focused on precision medicine for renal disease, Chinook gets Aduro’s Nasdaq listing and starting capital of $200m. During a wave of modest-sized M&A deals, Tetra finds buyer, Tetraphase gets competing bids.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Deal Watch is supported by deal intelligence from Biomedtracker.

Aduro Biotech Inc. finally accepted a new direction on 2 June, agreeing to a reverse merger with Chinook Therapeutics Inc.that will take the latter firm public with a focus on precision medicine for kidney disease

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