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Achillion nets $41.7mm via RDO

Executive Summary

Infectious disease-focused Achillion Pharmaceuticals Inc. has netted $41.7mm through the sale of 6.4mm common shares at $6.57 (market average) to funds managed by QVT Financial LP. The money will support ongoing development of its lead hepatitis C candidates sovaprevir (ACH1625; Phase II), ACH2684 (Phase I), and ACH3102 (Phase I).
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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