IN BRIEF: RTW Biotech Opportunities get 0.2% uplift from Alesta deal
RTW Biotech Opportunities Ltd - investor in life sciences sector - Notes the announcement by BioMarin Pharmaceuticals Inc that it has agreed to buy RTW Biotech portfolio holding Alesta Therapeutics, which will give net asset value a boost. BioMarin will pay USD275 million upfront in cash for Alesta's lead asset, ALE1, which RTW says represents a 41% uplift on its own carrying value for Alesta. This will result in a USD1.6 million, or 0.2%, addition to RTW Biotech's net asset value as of July 31. Read More