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Cerevel Goes Public In SPAC Merger To Fund Neuroscience Programs

 
• By Mandy Jackson

Deal Snapshot: The $445m Cerevel gains will help as it plans to have at least six programs in the clinic within the next year. CEO Tony Coles will head up a public firm for the first time since Amgen bought Onyx. 

Business teamwork puzzle pieces.
Cerevel will have $445m for neuroscience programs after it combines with Arya II • Source: Shutterstock

Who:Cerevel Therapeutics, LLC and Arya Sciences Acquisition Corp. II (Arya II)

What: Privately held Cerevel will go public through a combination with Arya II, a special purpose acquisition company (SPAC) sponsored by investment firm Perceptive Advisors. The SPAC went public in the US in June to buy or combine with one or more biopharmaceutical companies

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