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MDRNA hopes to create RNAi leader through Cequent acquisition

Executive Summary

MDRNA Inc. has acquired privately held Cequent Pharmaceuticals Inc., a fellow RNAi-focused company. MDRNA will issue shares worth $44mm to Cequent investors, plus an additional $2mm in stock to warrant and option holders. (Based on MDRNA's ten-day average prior to deal announced, it issued approximately 43.1mm shares.)
Deal Industry
  • Biotechnology
    • Antisense, Oligonucleotides
    • Large Molecule
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Stock
    • Includes Contract
    • Acquisition of Private Biotech
    • Intra-Biotech Deal

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