Chester County biopharmaceutical company sold

ESSA Pharma Inc. entered into a definitive agreement Thursday to acquire Realm Therapeutics, a Chester County biopharmaceutical company, in an all-stock transaction valued at $21.5 million. Realm of Malvern, Pa., was focused on developing new therapies to treat skin disorders. The $21.5 million price tag for the company represents a 5% premium over Realm's estimated net cash amount of $20.5 million at the closing of the acquisition. The acquisition is subject to Realm shareholder approval. Under…
Source: bizjournals.com Health Care News Headlines - Category: Health Management Authors: Source Type: news