UCB to Acquire Candid for up to $2.2B, Expanding Presence in TCE Antibodies for Immunology - Genetic Engineering and Biotechnology News
UCB→Candid Therapeutics
May 6, 2026

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Chiesi Farmaceutici has acquired KalVista Pharmaceuticals, a pharmacy business in Delaware, for $27.00 per share in cash. KalVista Pharmaceuticals develops specialty medicines, and Chiesi Farmaceutici acquisitions expand its healthcare M&A footprint in the pharmacy sector. The strategic acquisition is structured as a merger acquisition through Skyline Merger Sub, a wholly owned subsidiary of Chiesi Farmaceutici, to acquire all outstanding shares of KalVista Pharmaceuticals, Inc. Chiesi Farmaceutici acquisitions are valued at about $49 million and are being pursued as a strategic acquisition to strengthen the buyer’s pipeline and therapeutic capabilities. The tender offer is being initiated under a Schedule TO filing tied to an Agreement and Plan of Merger dated April 28, 2026.
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