Merck & Co. Acquires SmartCells for $500,000,000

  • Feed Type
  • Date
    12/2/2010
  • Company Name
    SmartCells
  • Mailing Address
    100 Cummings Center Beverly, MA 01915
  • Company Description
    SmartInsulin consists of a layered, biocompatible and biodegradable polymer-therapeutic that is bound to an engineered glucose-binding molecule. Insulin is released from SmartInsulin only when the therapeutic is unbound by the presence of a specific glucose concentration.
  • Website
    http://www.smartinsulin.com
  • Transaction Type
    M&A
  • Transaction Amount
    $500,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, Merck will acquire all outstanding stock of SmartCells, Inc. In return SmartCells shareholders will receive an upfront cash payment and be eligible to receive clinical development and regulatory milestones for products resulting from the transaction for potential aggregate payments in excess of $500 million.

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