McDermott Advised Vivet Therapeutics on the Sale of its Equity to Pfizer
McDermott Will & Emery advised Vivet Therapeutics, a gene therapy biotechnology company dedicated to the development of hereditary liver disorders, in the acquisition by the American group Pfizer of a 15% equity interest in Vivet. The transaction included an exclusive option to acquire all outstanding shares. Pfizer and Vivet will collaborate in the development of VTX-801, Vivet’s proprietary treatment for Wilson disease.
According to the terms of the agreement, Pfizer paid approximately 45 million euros upon signature and could pay up to 560 million euros, including the payment of the exercise of the option, subject to the completion of certain clinical, regulatory and commercial milestones. Pfizer may exercise its option to acquire 100% of Vivet following the company’s delivery of certain data from the Phase I/II clinical trial for VTX-801.
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