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OncoGenex to Merge With Achieve Life Science

Will create a clinical-stage company focused on clinical and commercial development of smoking cessation drug cytisine

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By: Tim Wright

Editor-in-Chief, Contract Pharma

The oncology focused biopharma firm OncoGenex Pharmaceuticals and Achieve Life Science have entered into a definitive merger agreement under which OncoGenex will acquire Achieve in an all-stock transaction. Achieve’s equity holders are expected to own 75% of the combined company’s outstanding shares and current stockholders of OncoGenex are expected to own the remaining 25% of the combined company’s outstanding shares. Following completion of the merger, OncoGenex Pharmaceut...

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