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Updated · Bloomberg · Apr 29Chiesi Farmaceutici agrees to acquire KalVista Pharmaceuticals for $1.9 billion
7 articles · Updated · Bloomberg · Apr 29
- The Italian company will launch a tender offer to buy all KalVista shares at $27 per share in cash.
- This marks Chiesi’s largest acquisition to date and was approved by the boards of both companies.
- The deal aims to expand Chiesi’s rare immunology portfolio and strengthens its presence in the US pharmaceutical market.
Is Chiesi's big bet a sign that oral drugs will dethrone injectables in rare diseases? With a $1.9B price tag, can an oral HAE drug alone deliver the returns Chiesi needs? Can a pharma giant truly acquire a biotech's patient-centric 'rare disease mindset' after a merger? With the pharma patent cliff looming, are billion-dollar deals for niche assets the new path to survival? What makes an oral HAE treatment worth nearly $2 billion in today's pharma market?