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Sumitovant Biopharma Completes Acquisition Of Myovant Sciences

PRIVATEMar 10, 2023

Acquiring Company

Sumitovant Biopharma Ltd

Acquired Company

Myovant Sciences

BiotechnologyHealth CareTherapeuticsPharmaceuticalBiopharmaBiotechnologyHealth Care

Description

Sumitovant Biopharma Ltd. ("Sumitovant") and Myovant Sciences Ltd. ("Myovant") announced today that Sumitovant has successfully completed its acquisition of Myovant originally announced October 23, 2022. Sumitovant has acquired all outstanding shares of Myovant not already owned by Sumitovant in an all-cash deal with a total transaction value of approximately $1.7 billion. With the completion of the acquisition, Myovant will be delisted from the New York Stock Exchange, and its shares will no longer be publicly traded.

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Company Information

Company

Sumitovant Biopharma Ltd

About

Sumitovant is a technology-driven biopharmaceutical company accelerating development and commercialization of new potential therapies for patients with rare conditions and other diseases. Through our proprietary computing and data platforms, scientific expertise and diverse company portfolio, Sumitovant has supported development of multiple FDA-approved products and a robust pipeline of early- through late-stage investigational assets addressing unmet patient needs in pediatrics, urology, oncology, women's health, specialty respiratory and infectious diseases. Sumitovant is a wholly owned subsidiary of Sumitomo Pharma. Please visit our website www.sumitovant.com for more information on Sumitovant and our portfolio.

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Frequently asked

Who acquired Myovant Sciences?

Myovant Sciences was acquired by Sumitovant Biopharma Ltd. The deal was reported on March 10, 2023. Sumitovant is a technology-driven biopharmaceutical company accelerating development and commercialization of new potential therapies for patients with rare conditions and other diseases. Sumitovant Biopharma Ltd is privately held and operates in Biotechnology.

When did Sumitovant Biopharma Ltd acquire Myovant Sciences?

Sumitovant Biopharma Ltd's acquisition of Myovant Sciences was reported on March 10, 2023. Sumitovant Biopharma Ltd. ("Sumitovant") and Myovant Sciences Ltd. ("Myovant") announced today that Sumitovant has successfully completed its acquisition of Myovant originally announced October 23, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Myovant Sciences do?

Myovant Sciences aspires to redefine care for women and men through purpose-driven science, empowering medicines, and transformative advocacy worldwide. It is privately held, operating in Biotechnology.

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