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Deal Watch: Innoviva To Buy The Rest Of Entasis For Enterprise Value Of $113m

 
• By Joseph Haas and Ayisha Sharma

Already owner of about 60% of the troubled antibiotic firm, Innoviva agrees to pay $2.20 per share for all outstanding stock in Entasis. Roche, KaliVir partner on oncolytic virus therapies.

Deal Watch 2021
• Source: Shutterstock

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

Completing a transaction first proposed in February, Innoviva, Inc. agreed to acquire troubled antibiotics developer Entasis Therapeutics Holdings Inc. under a definitive merger agreement announced on 23 May

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