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Targeted Genetics acquires Genovo for $69mm

Executive Summary

Targeted Genetics (gene therapy products to treat acquired and inherited diseases) has acquired Genovo (private gene therapy company that focuses on early stage clinical development) with the issue of 6.63mm common shares. The transaction values Geneovo at $68.9mm, based on the stock's current market average.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Gene Therapy, Cell Therapy
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Payment Includes Stock

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