Amryt Pharma to Sell to Chiesi Farmaceutici in $1.48 Billion Cross-Border Transaction

New York and London – January 9, 2023 – Cooley advised Amryt Pharma, a Dublin, Ireland-based commercial-stage biopharmaceutical company, on its definitive agreement to be acquired by Chiesi Farmaceutici, a Parma, Italy-based research-focused biopharmaceuticals and healthcare group, in a $1.48 billion cash and contingent value right (CVR) transaction. Partners Bill Sorabella, Claire Keast-Butler and Bill Roegge led the joint US and UK Cooley team advising Amryt.

The acquisition will further maximize the value of Amryt’s current portfolio and accelerate its ability to reach more patients in need globally. The total upfront consideration implied by the transaction at close is approximately $1.25 billion, with the CVRs representing an additional $225 million of potential consideration.

Amryt is a global company focused on acquiring, developing and commercializing innovative treatments to help improve the lives of patients with rare and orphan diseases. The company comprises a strong and growing portfolio of commercial and development assets. 

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Related Contacts
Bill Sorabella  Partner New York
Bill Roegge  Partner New York
Jacqueline Grise  Partner Washington, DC
Christopher Kimball  Partner Washington, DC
Eileen Marshall  Partner Washington, DC, Palo Alto
Barbara Mirza  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Nicola Squire  Partner London
David Wilson  Partner London
David Burns  Special Counsel Washington, DC
Christine Graham  Special Counsel London, Brussels
Stella Sarma  Special Counsel Brussels, London
Joyce Li  Associate Chicago
Mor Agam  Associate New York
Karun Ahuja  Associate Chicago
Russell Anderson  Associate London
Jack Jones  Associate London
Pat O'Connell  Associate New York
Jia Xie  Associate London