InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
Fezziwig2008 Free
07/22/20 11:22 PM
profile icon
Fezziwig2008 Free
07/19/20 11:00 AM
profile icon
Fezziwig2008 Free
07/16/20 11:41 AM
profile icon
Fezziwig2008 Free
07/16/20 10:30 AM
profile icon
Fezziwig2008 Free
07/15/20 10:26 AM
profile icon
Fezziwig2008 Free
07/15/20 9:49 AM
profile icon
MWM Free
06/09/20 9:33 AM
profile icon
chmcnfunds Free
07/14/17 12:51 PM
profile icon
chmcnfunds Free
07/14/17 8:25 AM
profile icon
chmcnfunds Free
05/17/17 8:32 AM
profile icon
chmcnfunds Free
05/12/17 8:11 AM
profile icon
chmcnfunds Free
05/03/17 8:50 AM
profile icon
chmcnfunds Free
04/21/17 8:08 AM
profile icon
chmcnfunds Free
04/18/17 8:08 AM
profile icon
Rogerthat1 Free
04/17/17 1:36 PM
profile icon
chmcnfunds Free
04/17/17 1:33 PM
profile icon
Rogerthat1 Free
04/17/17 1:09 PM
profile icon
chmcnfunds Free
03/30/17 12:11 PM
profile icon
RainerRocks Free
03/31/16 1:47 AM
profile icon
Pink Current Free
03/24/16 4:08 PM
profile icon
Pink Current Free
03/23/16 3:05 PM
profile icon
Pink Current Free
03/21/16 4:41 PM
profile icon
RainerRocks Free
03/21/16 4:32 PM
profile icon
Pink Current Free
03/21/16 4:18 PM
profile icon
redsox17 Free
02/10/16 5:25 PM
profile icon
RainerRocks Free
02/09/16 8:18 PM
profile icon
DrShocker Free
02/09/16 7:43 PM
profile icon
DrShocker Free
02/09/16 7:39 PM
profile icon
DrShocker Free
02/09/16 7:08 PM
profile icon
RainerRocks Free
02/09/16 7:00 PM
profile icon
RainerRocks Free
02/09/16 6:31 PM
profile icon
DrShocker Free
02/09/16 6:26 PM
profile icon
RainerRocks Free
02/09/16 4:30 PM
profile icon
DrShocker Free
02/09/16 4:28 PM
profile icon
RainerRocks Free
02/09/16 4:11 PM
profile icon
DrShocker Free
02/09/16 4:08 PM
profile icon
RainerRocks Free
02/09/16 4:05 PM
profile icon
Marilynt Free
02/09/16 3:34 PM
profile icon
RainerRocks Free
02/09/16 2:38 PM
profile icon
DrShocker Free
02/06/16 2:49 PM

Eiger BioPharmaceuticals Inc (EIGRQ) RSS Feed

Followers
33
Posters
117
Posts (Today)
0
Posts (Total)
1047
Created
12/03/14
Type
Free
Moderators

Celladon to Merge with Eiger






 Celladon Corporation (Nasdaq:CLDN) and Eiger BioPharmaceuticals, Inc., a privately-held biopharmaceutical company, today announced that they have entered into a definitive merger agreement under which the stockholders of Eiger would become the majority owners of Celladon, and the operations of Celladon and Eiger would be combined. The proposed merger remains subject to certain conditions, including the approval of Celladon stockholders.  If approved, upon closing of the transaction, Celladon will be renamed Eiger BioPharmaceuticals, Inc.
An investor syndicate has committed to invest $39.5 million in the combined company including new investors HBM Healthcare Investments, RA Capital Management, Sabby Management, Sphera Global Healthcare, Perceptive Advisors and Monashee Capital Partners together with existing long-time Eiger stockholders, ViVo Capital and InterWest Partners.  Six million dollars of the financing has already been funded, and the remaining $33.5 million is expected to close contemporaneously with the completion of the proposed merger.  The total cash balance of the combined company upon the closing of the proposed merger and the financing is expected to be greater than $60 million.
The proposed merger will create a clinical-stage company with a diversified development portfolio of product candidates addressing novel targets for four distinct orphan diseases: Hepatitis Delta Virus, bariatric surgery-induced hyperinsulinemic hypoglycemia, pulmonary arterial hypertension, and lymphedema.

http://www.otcmarkets.com/stock/CLDN/news

Current Share Structure:

Outstanding shares as of October 31, 2015 was 23,916,021

Authorized shares as of October 31, 2015 was 200,000,000

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10999416

 

About the Proposed Merger

Existing Eiger stockholders as well as investors in the contemporaneous financing will receive newly issued shares of Celladon common stock in connection with the proposed merger.  Celladon is expected to issue approximately 85.0 million new shares of its common stock to Eiger stockholders and participants in the financing.  On a pro forma basis for the combined company, current Celladon shareholders are expected to own approximately 22%, current Eiger shareholders approximately 45% and the new Eiger investor syndicate approximately 33%, each on a fully-diluted basis.

The transaction has been unanimously approved by the boards of directors of both companies, and a majority of Eiger stockholders have agreed to vote in favor of the transaction. The proposed merger is expected to close in the first half of 2016, subject to the approval of the stockholders of each company as well as regulatory approval and other customary conditions.  The merger agreement contains further details with respect to the proposed merger.

Celladon’s exclusive financial advisor in the transaction is Wedbush PacGrow Healthcare.  Jefferies LLC is acting as lead financial advisor to Eiger and Piper Jaffray is acting as financial advisor.  Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to Celladon and Cooley LLP served as legal counsel to Eiger.
 

Chart

Volume:
Day Range:
Last Trade Time:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
EIGRQ Latest News
  • No Recent News Available for this company!
New Post