Bristol-Myers Squibb to pay up to $475 million to acquire Amira, entering fibrotic disease area
US drug major Bristol-Myers Squibb (NYSE: BMY) has signed a definitive agreement to acquire privately held Amira Pharmaceuticals, a small-molecule pharmaceutical company focused on the discovery and early development of new drugs to treat inflammatory and fibrotic diseases.
Under the terms of the deal, B-MS will buy all of Amira’s issued and outstanding shares of capital stock and stock equivalents in an all-cash transaction for a purchase price of $325 million upfront and potential additional milestone payments totaling $150 million.
Gains rights to orphan PF drug
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