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Drug Names(s): ZS-1
Description: ZS-1 is a zirconium silicate designed to trap ammonia ions.
AstraZeneca and ZS Pharma
In November 2015, AstraZeneca announced that it has entered into a definitive agreement to acquire ZS Pharma. The transaction will give AstraZeneca access to the potassium-binding compound ZS-9, a potential best-in-class treatment for hyperkalaemia, a condition associated with increased mortality in CKD and CHF.
The acquisition is structured as an all-cash tender offer for all outstanding shares of ZS Pharma common stock at a price of $90 per share, followed by a merger in which each remaining untendered share of ZS Pharma common stock would be converted into the same $90 cash per share consideration as in the tender offer.
Under the terms of the merger agreement, AstraZeneca will commence a tender offer to acquire all outstanding shares of ZS Pharmas common stock. The Board of Directors of ZS Pharma has unanimously approved the terms of the agreement.
In December 2015, AstraZeneca announced the successful completion of the...See full deal structure in Biomedtracker
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