Arcutis Biotherapeutics Inc

NASDAQ:ARQT   3:59:54 PM EDT
19.21
+0.10 (+0.52%)
Mergers / Acquisitions

Arcutis Announces Acquisition Of Ducentis Biotherapeutics Ltd.

Published: 09/07/2022 21:18 GMT
Arcutis Biotherapeutics Inc (ARQT) - Arcutis Announces Acquisition of Ducentis Biotherapeutics Ltd.
Arcutis - Will Acquire Shares of Ducentis for an Upfront Cash Payment of Approximately $16 Million and Arcutis Stock Valued at Approximately $14 Million.
Arcutis Biotherapeutics -given Early-stage Nature of Ds-234 Program, Ducentis Acquisition Not Expected to Have Material Impact on Co's Financial Plans.
Arcutis Biotherapeutics Inc - Will Acquire Ducentis' Future Contingent Payments Based on Development and Commercial Success.