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Deal Date: 03-06-2020 Practice Area: Corporate and M&A
Deal Title: Aduro Biotech, Inc. Merger with Chinook Therapeutics, Inc. Industry: Pharmaceuticals & Biotechnology
Description:
Aduro Biotech, Inc. (Aduro) (NASDAQ: ADRO) and Chinook Therapeutics, Inc. (Chinook), a privately held clinical-stage biotechnology company focused on the discovery, development, and commercialization of precision medicines for kidney diseases, announced that the companies entered into a definitive merger agreement pursuant to which Aduro would acquire all of the outstanding capital stock of Chinook in exchange for shares of Aduro common stock representing approximately 50% of Aduro's outstanding common stock immediately following completion of the transaction. Latham and Watkins LLP represents Aduro in the transaction.
Financial Center: Silicon Valley Value: 0.00-0.00
Advised Party: Merger Party Law Firm
Merger Party Jurisdiction United States Merger Party Jurisdiction United States
Classification: Mergers
Lawyer Luke Bergstrom