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swampboots

04/19/22 9:20 AM

#242143 RE: jbog #242141

CMPI: I read each day new theories about how a new particle "may" revolutionize the progress of overcoming stumbling blocks holding back
effectiveness of previous drug strategies...wonder what data point made it compelling to offer almost 4 times previous share price?

DewDiligence

04/19/22 9:51 AM

#242147 RE: jbog #242141

The REGN-CMPI deal has the second-highest premium among all biotech buyouts since 2008 with a deal value >=$200M, trailing only AGN-TBRA (#msg-168586536).

On the other hand, CMPI’s closing price yesterday was down 81% from its 2020 IPO (#msg-157450928), so even the 336% premium being paid by REGN amounts to a substantial discount from the IPO price.