Sucampo Pharmaceuticals and Vtesse declared today that Sucampo acquired Vtesse for a down payment of 200 million USD. Sucampo finances this acquisition by the release of 2.782.678 class A common shares and by 170 million USD in available cash. An external financing was not necessary. press release.
About 500 000 people in Switzerland suffer from a rare disease. The cause is often simple, sometimes complex and sometimes mysterious. A case for Professor Jürgen Schäfer, the German «Dr. House ». Full article in German.
Vtesse has sufficient patients enrolled to perform the clinical study phase IIb/III with VTS-270 against the Niemann-Pick disease Typ C1. The company expects to remit the results to the authorities and publish them in 2018. More details under press release.
