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Alcobra, Arcturus merge in reverse stock swap

Executive Summary

Troubled Israeli biotech Alcobra Ltd. (mostly cognitive disorder therapeutics) has agreed to merge in a reverse stock swap with private US RNA-focused start-up Arcturus Therapeutics Inc. (ATI; rare diseases) to form a new company known as Arcturus Therapeutics Ltd. (ATL), in which Arcturus will have a 60% stake and Alcobra will hold the remainder. Alcobra announced in May it was looking for strategic alternatives (including partnering or M&A opportunities) to create shareholder value.
Deal Industry
  • Pharmaceuticals
  • Pharmaceuticals
    • Drug Delivery
      • Controlled Release
      • Macromolecule
  • Biotechnology
    • Antisense, Oligonucleotides
    • Large Molecule
    • Nanotechnology, Chips, etc.
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Contract
    • Intra-Biotech Deal
    • Payment Includes Stock
    • Reverse Acquisition

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