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The Pulse of the Pharmaceutical Industry

Australian Firm Picks Up Santalis, ViroXis for $270 Million

Written by: | | Dated: Wednesday, June 17th, 2015

TFS Corp. Ltd., an Australian firm that claims to be the world’s largest owner and manager of commercial Indian sandalwood plantations, has struck a deal to purchase two San Antonio-based bioscience companies — ViroXis Corp. and Santalis Pharmaceuticals.

TFS will pay up to $270 million for ViroXis and Santalis if all of the targets for the two companies are met. The transactions are expected to close in a few weeks.

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Source: BioSpace Featured News

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