Irish life sciences company Malin Corporation has acquired 33% stake in Wren Therapeutics with the aim of developing rational therapeutic strategies.
The target company is a UK-based biopharmaceutical organisation that is a spin out from the University of Cambridge, UK, and Lund University, Sweden.
The acquisition terms also give Malin an option to increase its shareholding in Wren Therapeutics to 67%.
Eli Lilly and Company has reached an agreement to acquire a biopharmaceutical company named CoLucid Pharmaceuticals with the aim of enhancing its existing portfolio in migraine pain management and adding a potential near-term launch to its late-stage pipeline.
The acquisition is being executed through a tender offer and includes a purchase consideration of up to $960m.
Both companies involved in the acquisition are based in the US. The transaction is expected to be completed by the end of the first quarter of 2017.
