ArTara Agrees to Combine With Proteon

Transaction to create Nasdaq-listed rare and specialty disease therapeutic company

San Diego – September 27, 2019 – Cooley advised ArTara Therapeutics on its definitive agreement to merge with a wholly-owned subsidiary of Proteon Therapeutics in an all-stock transaction. Rama Padmanabhan, Karen Deschaine, Ryan Sansom, Ro Park and Lindsey Crump led the Cooley team representing ArTara.

The combined company will focus on advancing ArTara’s pipeline of transformative late-stage, de-risked rare and specialty diseases assets. It is expected to operate under the name ArTara Therapeutics and the parties have applied for the combined company to trade on the Nasdaq Capital Market under the symbol “TARA.”

In addition to the merger, Cooley advised ArTara on a concurrent $42.5 million financing led by a syndicate of healthcare dedicated investors who have entered into a stock purchase agreement to invest in the combined company. This financing will help fund the development of ArTara’s lead assets TARA-002 and IV Choline Chloride and is expected to be consummated concurrently with the closing of the merger transaction.

 “We are excited about the opportunity for this merger, which will allow ArTara to help fill the void in treatment options for these two rare diseases and potentially address additional significant unmet need in other disease areas,” said Jesse Shefferman, CEO of ArTara, in a news release.

ArTara is a rare and specialty diseases therapeutics company focused on optimizing product candidates for patients suffering from diseases where there is a significant unmet need.

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Related Contacts
Rama Padmanabhan Partner, San Diego
Karen Elizabeth Deschaine Partner, San Diego
Ryan Sansom Partner, Boston
Rowook Park Associate, San Diego
Lindsey O'Crump Associate, San Diego
Terren O'Connor Associate, San Diego
Seth Skolnik Associate, San Diego
Joshua Friedman Partner, Boston
Ross Eberly Associate, Los Angeles
Daniel Lac Associate, San Diego
William Corcoran Partner, Boston
Patrick Sharma Associate, Los Angeles
Natasha Leskovsek Partner, Washington, DC
Geoffrey Spolyar Special Counsel, Boston
Ritu Gupta Associate, New York