Rocket reels in Renovacor for $53 million
In an all-stock deal valued at around $53 million, Rocket Pharmaceuticals (Nasdaq: RCKT) is to acquire fellow US biotech firm Renovacor (NYSE: RCOR).
Rocket is advancing a pipeline of genetic therapies for rare childhood disorders with high unmet need and has announced positive pediatric safety data from its Phase I RP-A501 Danon Disease program.
"The broadest platform in the field to address these devastating rare cardiac diseases"In the Renovac all-stock deal valued at around $53 million, Rocket Pharmaceuticals is to acquire fellow US biotech firm Renovacor. and is seeking to deliver innovative precision therapies to improve the lives of patients and families battling genetically-driven cardiovascular and mechanistically-related diseases.
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