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AstraZeneca Acquires CinCor for $1.3B Upfront

Acquisition expands cardiorenal pipeline with baxdrostat (CIN-107), an aldosterone synthase inhibitor (ASI) for blood pressure control.

AstraZeneca finalized its acquisition of CinCor Pharma, Inc., a U.S.-based clinical-stage biopharmaceutical company focused on developing novel treatments for resistant and uncontrolled hypertension as well as chronic kidney disease. The acquisition was completed through a tender offer to purchase all outstanding shares of CinCor for approximately $1.3 billion upfront. Under the terms of the agreement, CinCor shareholders also received a non-tradable contingent value right, payable upon a spe...

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