WilmerHale Represents BioVex in Acquisition by Amgen

Download IconDownload Print IconPrint

WilmerHale Represents BioVex in Acquisition by Amgen

Firm News

Related Solutions

WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
On Monday, January 24, Amgen (Nasdaq: AMGN) and BioVex Group, Inc. announced the companies’ definitive acquisition agreement under which Amgen has agreed to acquire BioVex, a privately held, venture-funded biotechnology company. BioVex’s lead product candidate is OncoVEX, a novel oncolytic vaccine in Phase 3 clinical development for the treatment of advanced melanoma and head and neck cancer.

Under terms of the agreement, Amgen will pay up to $1 billion: $425 million in cash at closing and up to $575 million in additional payments upon the achievement of certain regulatory and sales milestones. The transaction has been approved by the boards of directors of each company. It is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2011. Following the completion of the transaction, BioVex will become a wholly owned subsidiary of Amgen. The full release is available on BioVex’s website.

The WilmerHale team representing BioVex in the transaction is led by Partners Timothy Corbett and Steven Singer and Counsel Brian Neumann, and also includes Partners Andrew Nagel, A. William Caporizzo, Kimberly Wethly, Paula Holland, David Andrews and Tim Matthews.

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel