Client NewsRoquefort Investments plc: Proposed Acquisition of Lyramid Pty Limited
Roquefort Investments plc (LSE:ROQ), the investment company established to acquire businesses focused on early-stage opportunities in the medical biotechnology sector, is pleased to announce that further to the announcement of 29 September 2021, the Company has now entered into a conditional share sale and purchase agreement (the “Acquisition Agreement”) with Provelmare Holding S.A. (the “Seller”) pursuant to which Roquefort Investments has agreed to acquire the entire issued share capital of Lyramid Pty Limited (“Lyramid”) for an initial consideration of £1 million payable 50% in cash and 50% in shares (the “Acquisition”).
Lyramid has the exclusive worldwide licence to commercialise up to 37 patents related to Midkine-based therapies for the treatment of COVID-19 patients, cancer, autoimmune disorders and chronic inflammation (“Midkine-Based Therapies”).
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