Timber Pharmaceuticals Has Agreed To Be Acquired By LEO Pharma For Up To $36M Including An Initial Upfront Consideration Of $14M And Up To An Additional $22M In Contingent Value Rights
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Timber Pharmaceuticals has agreed to be acquired by LEO Pharma for up to $36M, including an initial upfront consideration of $14M and up to an additional $22M in contingent value rights.
August 21, 2023 | 12:03 pm
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Timber Pharmaceuticals is to be acquired by LEO Pharma for up to $36M. The deal includes an initial upfront consideration of $14M and up to an additional $22M in contingent value rights.
The acquisition of Timber Pharmaceuticals by LEO Pharma is a significant event for the company. The deal, which includes an upfront payment of $14M and up to an additional $22M in contingent value rights, could have a positive impact on the company's stock price in the short term as it provides a cash infusion and potential future payments.
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