RTW Biotech Opportunities Ltd

RTWG

GG00BKTRRM22

Closed End Funds

Market Closed - London S.E. Other stock markets 11:35:16 2024-04-26 am EDT			5-day change	1st Jan Change
1.31 ^USD	-1.13%		+1.16%	-6.60%

Apr. 05	RTW Biotech invests in cell and gene therapy company Obsidian	AN
Apr. 02	EARNINGS: EPE Special "cautiously optimistic"; RTW Biotech NAV rises	AN

RTW Biotech completes Arix investment in takeover run-up

January 22, 2024 at 11:24 am EST

RTW Biotech Opportunities Ltd - New York-based investment firm focused on the life sciences sector - Says it completed on Friday its previously announced acquisition of a 25.5% stake in Arix Bioscience PLC for USD57.1 million, equivalent to GBP1.37 per Arix share. Purchase is to support its planned all-share acquisition of Arix's assets. Arix says RTW on January 15 received confirmation from the UK Financial Conduct Authority that it has approved the proposed change of control. Companies say that as planned, Non-Executive Directors Maureen O'Connell and Isaac Kohlberg have resigned from Arix's board, effective Friday.

RTW Investments Chief Investment Officer Roderick Wong says: "We remain excited to partner with Arix and combine our complementary portfolios to capitalise on the tremendous opportunities across the life sciences markets. Today's announcement is an important milestone towards the overall completion of the transaction and RTW Bio has undertaken to vote its entire Arix shareholding to support the Arix scheme."

RTW current stock price: USD1.35

12-month change: up 5.5%

Arix current stock price: 135.16 pence, down 0.3%

12-month change: up 28%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about RTW Biotech Opportunities Ltd

RTW Biotech invests in cell and gene therapy company Obsidian	Apr. 05	AN
EARNINGS: EPE Special "cautiously optimistic"; RTW Biotech NAV rises	Apr. 02	AN
RTW Biotech Opportunities Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
Franchise Brands sets targets, Cindrigo agrees loan	Feb. 20	AN
RTW Biotech Opportunities NAV increases 2.5% in January	Feb. 14	AN
RTW Biotech Opportunities Completes Arix Bioscience Acquisition	Feb. 13	MT
Katoro Gold launches fundraising, eyes board shake-up	Feb. 12	AN
Arix Bioscience's Asset Sale to RTW Biotech Takes Effect	Feb. 12	MT
Arix Bioscience shares suspended ahead of RTW takeover	Feb. 12	AN
Arix Bioscience Shares to be Suspended on London Exchange Amid Acquisition	Feb. 12	MT
Apax opts against lifting offer; DCI enters loan deal	Feb. 09	AN
Arix Bioscience Shareholders Approve Asset Sale to RTW Biotech	Jan. 29	MT
Arix Bioscience Gains UK Regulatory Approval for Sale to RTW Biotech	Jan. 23	MT
RTW Biotech completes Arix investment in takeover run-up	Jan. 22	AN
RTW Biotech Buys Minority Stake in Arix Bioscience to Support Planned Takeover	Jan. 22	MT
RTW Biotech's manager invests USD127 million in Ji Xing	Jan. 11	AN
RTW Biotech Opportunities invests USD127 million in investee Ji Xing	Jan. 08	AN
Microsaic in funding talks; Jarvis says no payout	Nov. 14	AN
FTSE 100 Closes Up 0.28% as Interest Rate Rise Fears Start to Ease	Nov. 01	DJ
RTW Biotech agrees "immediately accretive" Arix Bioscience takeover	Nov. 01	AN
RTW Biotech Opportunities, Arix Bioscience Agree on Potential Merger Terms	Nov. 01	MT
Transcript : RTW Biotech Opportunities Ltd, Arix Bioscience plc - Pre Recorded M&A Call	Oct. 31
Brandshield shareholders approve AIM delisting	23-10-13	AN
RTW Biotech's Rocket Pharmaceuticals makes Danon progress	23-09-14	AN
EARNINGS: Frontier Developments turns to loss; Poolbeg optimistic	23-09-13	AN

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Company Profile

RTW Biotech Opportunities Ltd is a Guernsey-based focused on identifying transformative assets with high growth potential across the biopharmaceutical and medical technology sectors. The Company invests in companies developing therapies and technologies that can significantly improve patients' lives. The Company seeks to achieve its investment objective by leveraging the Investment Manager's data driven pipeline of assets to invest in life sciences companies across various therapeutic categories and product types (including genetic medicines, biologics, traditional modalities, such as small molecule pharmaceuticals and antibodies, and medical devices). It intends to create a diversified portfolio of investments across a range of businesses, each pursuing the development of superior pharmacological or medical therapeutic assets to enhance the quality of life and/or extend patient life. The Company's portfolio is managed by RTW Investments, LP.

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Closed End Funds

Calendar

2024-05-16 - Annual General Meeting

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Sector Closed End Funds

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