This deal was successfully consummated on June 10, 2020
Acquisition Details | Value |
---|---|
Acquisition Target Stock Name | Stemline Therapeutics |
Acquisition Target Stock Ticker | STML |
Acquirer Stock Name | Menarini Group |
Announcement Date | May 4, 2020 |
Target Attitude | FRIENDLY |
Expected Completion Date | Q2 2020 |
Deal Value | up to $677m |
Offer Price | $12.50 |
Payment Method | Cash Deal, Tender Offer, plus 1 Contingent Value Right (CVR) |
Initial Announcement | Press Release |
Investor Relations | pmcdonald@stemline.com |
Actual Completion Date | June 10, 2020 |
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Stemline Therapeutics (NASDAQ: STML) Acquisition - Merger News and Events
The major Menarini Group and Stemline Therapeutics (STML) acquisition news updates & events are listed below. A comprehensive data source for traders & investors looking to familiarize themselves with the Menarini Group merger with Stemline Therapeutics (STML) and trade the merger arbitrage spread, or for existing shareholders wishing to stay abreast of the latest deal developments. Following the acquisition news and events section, there is an in-depth company profile.
Stemline Therapeutics Company Profile
Stemline Therapeutics, Inc., a commercial-stage biopharmaceutical company, focuses on the discovery, acquisition, development, and commercialization of oncology therapeutics in the United States and Europe. The company offers ELZONRIS, a targeted therapy directed to the interleukin-3 receptor (CD123) for patients with blastic plasmacytoid dendritic cell neoplasm in adults, and in pediatric patients two years and older. It also developing CD123 that is in Phase I/II clinical trials for the treatment of chronic myelomonocytic leukemia and myelofibrosis, as well as acute myeloid leukemia and multiple myeloma in combination with other therapies.
In addition, the company is developing SL-801, a novel oral small molecule reversible inhibitor of nuclear transport protein, which is in Phase I clinical trial for the treatment of solid and hematologic cancers; and SL-701, an immunotherapy that has completed Phase II clinical trials to treat brain cancer. Its preclinical pipeline products include SL-501, a CD123 targeted therapy; SL- 1001, an oral, selective small molecule RET kinase inhibitor targeting multiple oncology indications; and SL-901, a small molecule kinase inhibitor. Stemline Therapeutics, Inc. was founded in 2003 and is headquartered in New York, New York.