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Egetis Ends Takeover Talks To Focus On Emcitate

Filings For Rare Disease Drug Imminent

 
• By Kevin Grogan

The Swedish firm has decided to pass on a bid from a proposed buyer which would have involved a healthy premium but “considerably undervalued” its long-term prospects.

Broken deal
• Source: Shutterstock

Egetis Therapeutics AB has been the subject of M&A speculation of late but suitors are going to need deep pockets if they want to get hold of the Swedish biotech, as one thwarted potential buyer has just found out.

Having revealed at the end of March that it was in discussions with various groups regarding a potential acquisition," Egetis...

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