Sanofi SA is to make a public offer valued at €308 million to acquire Kiadis Pharma NV of the Netherlands, a cell therapy company with a pipeline of therapies based on natural killer (NK) cells of the innate immune system. The two companies have been collaborating since July on a combination therapy for multiple myeloma.
Sanofi is offering to pay €5.45 per share for the Dutch company which represents a premium of 272% over the closing price of its shares on Euronext Amsterdam and Euronext Brussels on 30 October. The transaction is expected to complete in the first half of 2021.