Pfizer Biopharma JV To Go Public In $780M SPAC Union

Law360 (July 30, 2020, 6:46 PM EDT) -- Cerevel Therapeutics Inc., a Pfizer joint venture focusing on neurological diseases, said Thursday that it was being taken public by a blank check company backed by Perceptive Advisors in a $780 million merger advised on by Kirkland, Goodwin and Ropes & Gray.

As part of the deal to combine Cerevel and Arya Sciences Acquisition Corp. II, led by Kirkland & Ellis LLP, Arya would become a Delaware corporation, rename itself Cerevel Therapeutics Holdings Inc. and relist its stock on Nasdaq under the ticker symbol CERE, according to a statement.

The agreement follows the blank check company raising $130 million in a...

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