Move Over Roivant, Nuvation: EQRx Reveals Biggest Biopharma SPAC Merger This Year

Deal Gives Developer Of Low-Cost Drugs $1.8bn In New Cash

EQRx has raised at least $750m since it launched in January 2020 and will have $2bn to fund its ongoing development of low-cost drugs after merging with a special purpose acquisition corporation.

Dollar sign made out of white pills on blue background
Soon-to-be CEO says EQRx's low-cost drug business model requires big upfront investment • Source: Alamy

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