Fundz

Revolution Medicines, Inc. To Acquire Eqrx, Inc. In All-Stock Transaction To Gain More Than $1 Billion In Additional Capital

PUBLIC · RVMDAug 01, 2023

Acquiring Company

Revolution Medicines

Acquired Company

OptimizeRx

Redwood CityWalthamBiotechnologyHealthcareHealth CareTherapeuticsPharmaceuticalHealthcareHealth Care

Description

Revolution Medicines, Inc. (“Revolution Medicines” or the “Company”) (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for RAS-addicted cancers, and EQRx, Inc. (“EQRx”) (Nasdaq: EQRX) today announced a definitive agreement through which Revolution Medicines plans to acquire EQRx in an all-stock transaction intended to add more than $1 billion in net cash to Revolution Medicines’ balance sheet. The total number of shares of Revolution Medicines common stock to be issued to EQRx security holders will be determined in close proximity to the closing of the stockholder votes on the transaction based on the formula described below (see Transaction Details section). The deal, which was overseen by independent committees of Revolution Medicines’ and EQRx’s respective boards of directors, has been approved by the directors of each company. The transaction, which is subject to customary closing conditions, will enhance Revolution Medicines’ efforts to fulfill its vision to discover, develop and deliver pioneering RAS(ON) Inhibitor drugs on behalf of patients with RAS-addicted cancers.

Quick answer

Revolution Medicines is acquiring OptimizeRx for $1 billion, announced August 1, 2023. Revolution Medicines is based in Redwood City, California, United States.

How much did Revolution Medicines pay for OptimizeRx?
The reported deal value is $1 billion.
What does Revolution Medicines do?
Revolution Medicines, Inc. Revolution Medicines is a clinical-stage oncology company developing novel targeted therapies for RAS-addicted cancers.
Where are Revolution Medicines and OptimizeRx based?
Revolution Medicines is based in Redwood City, California, United States. OptimizeRx is based in Waltham, Massachusetts, United States.

Source: Fundz verified event record.

Other recent acquisitions in Healthcare and Therapeutics

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

Who to call at Revolution Medicines, and when

When Revolution Medicines changes hands, the new owners review vendors, systems and leadership. That is when the door opens.

  • An alert the day Revolution Medicines raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Revolution Medicines, from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Revolution Medicines. With Fundz connected, it knows.

Watch Fundz in
See plan options
Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

Company Information

Company

Revolution Medicines

Location

700 Saginaw Dr

Redwood City, California, United States

About

Revolution Medicines, Inc. Revolution Medicines is a clinical-stage oncology company developing novel targeted therapies for RAS-addicted cancers. The company’s R&D pipeline comprises RAS(ON) Inhibitors designed to suppress diverse oncogenic variants of RAS proteins, and RAS Companion Inhibitors for use in combination treatment strategies. The company’s RAS(ON) Inhibitors RMC-6236 (RASMULTI), RMC-6291(KRASG12C) and RMC-9805 (KRASG12D) are currently in clinical development. Additional RAS(ON) Inhibitors in the company’s pipeline include RMC-0708 (KRASQ61H) which is currently in IND-enabling development, RMC-8839 (KRASG13C), and additional compounds targeting other RAS variants. RAS Companion Inhibitors in clinical development include RMC-4630 (SHP2) and RMC-5552 (mTORC1/4EBP1).

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Revolution Medicines makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Revolution Medicines's next move

Learn about Strategic plan

Frequently asked

Who acquired OptimizeRx?

OptimizeRx was acquired by Revolution Medicines, based in Redwood City. The deal was reported on August 1, 2023. Revolution Medicines, Inc. Revolution Medicines is a clinical-stage oncology company developing novel targeted therapies for RAS-addicted cancers. Revolution Medicines is publicly traded (RVMD) and operates in Biotechnology.

When did Revolution Medicines acquire OptimizeRx?

Revolution Medicines's acquisition of OptimizeRx was reported on August 1, 2023. Revolution Medicines, Inc. (“Revolution Medicines” or the “Company”) (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for RAS-addicted cancers, and EQRx, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does OptimizeRx do?

It is publicly traded (OPRX), operating in Healthcare, and is based in Waltham.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.