Gene therapy specialist Rocket Pharmaceuticals Inc. will acquire the cardiovascular-focused Renovacor Inc. in an all-stock transaction that is poised to expand Rocket's pipeline with new gene therapy assets and add cardiovascular R&D expertise. The two gene therapy companies announced a merger agreement on 20 September under which Rocket will acquire Renovacor in a stock transaction valued at around $53m, a deal that CEO Gaurav Shah said will establish a new leader in cardiac gene therapy.
Rocket Fires Up CV Gene Therapy Pipeline With Renovacor Merger
Rocket's all-stock acquisition of Renovacor is valued at about $53m and adds a preclinical portfolio targeting genetically driven cardiovascular disease.
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