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home / news releases / astrazeneca is acquiring cincor pharma market values

CINC - AstraZeneca Is Acquiring CinCor Pharma: Market Values Interesting CVR At $3.21

CinCor Pharma Inc.

Summary

  • AstraZeneca is acquiring CinCor Pharma for $26 per share and an interesting CVR.
  • The milestone appears easy enough to achieve although the company just had a phase 2 setback.
  • The market values the CVR at $3.21, assuming the deal closes.
  • The CVR pays out $10 if the milestone is satisfied.
  • I think there is a reasonable chance that can happen, and with a 2:1 payout, it is an interesting enough bet.

For further details see:

AstraZeneca Is Acquiring CinCor Pharma: Market Values Interesting CVR At $3.21
Stock Information
Company Name: CinCor Pharma Inc.
Stock Symbol: CINC
Market: NASDAQ
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