Medigene acquires Trianta Immunotherapies

27 January 2014

Germany’s Medigene (MDG: DE) this morning revealed that it has acquired 100% of the shares of the Munich-based company Trianta Immunotherapies GmbH (Trianta), a spin-off of the Helmholtz Zentrum Munchen.

Previous Trianta shareholders will receive 1,017,811 newly issued Medigene shares worth around 4 million euros ($5.5 million) and potential incremental payments in further Medigene shares or in cash of up to a maximum total of 5.875 million euros on the achievement of future milestones.

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