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AstraZeneca Buying CinCor For Up To $1.8 Billion

 |  January 9, 2023

AstraZeneca has agreed to acquire to CinCor Pharma  for $26.00 per share in cash plus a contingent value right of $10.00 per share in cash payable upon a specified regulatory submission of a baxdrostat product.

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Marc de Garidel, Chief Executive Officer at CinCor, said: “We are excited about the proposed acquisition of CinCor Pharma by AstraZeneca as we believe it offers the prospect of accelerating the development timeline and expanding the breadth of benefits patie.