11th May 2022 16:47
RNS Number : 1669L
Intl. Biotechnology Trust PLC
11 May 2022
11 May 2022
INTERNATIONAL BIOTECHNOLOGY TRUST PLC
("IBT" or the "Company")
Portfolio Update as at 11 May 2022
The Company notes that Pfizer Inc (PFE) has announced that it entered a definitive agreement to acquire IBT's portfolio company Biohaven Pharmaceutical Holding Company Ltd (Biohaven or BHVN) for $148.50 per share which represents a 74% premium to the share price of Biohaven preceding the announcement. At the time of the announcement, IBT owned 182k shares in Biohaven which represented c.5.2% of IBT's Net Asset Value. The uplift in IBT's NAV attributable to this event is 3.55%.
For further information contact:
Company Secretary - Link Company Matters
Indu Shastri +44 (0)7936 045789
LEI: 213800N1QUJ744P76D11
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Related Shares:
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