ARIX.L Regulatory News (ARIX)

Hardman & Co Research: Artios attracts Merck KGaA in deal up to $7bn

Arix Bioscience (ARIX) is a listed global venture capital (VC) company that presents an opportunity for institutional and retail investors to participate in the high risk-return profile of early-stage biotech investing. ARIX minimises risk through a combination of an expert investment team and portfolio diversification. Along with its 2020 interim results, management provided the market with some aspirational targets for the next three years, which would see the NAV double to ca.£500m. Last month, Merck & Co declared the acquisition VelosBio for $2.75bn, now Merck KGaA has announced a collaboration with Artios, potentially worth up to $7bn.

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https://www.hardmanandco.com/research/corporate-research/artios-attracts-merck-kgaa-in-deal-up-to-7bn/

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