---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-053477"
form_type: "8-K"
ticker: null
cik: "0001410939"
company_name: "IVERIC bio, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:47:45.997032+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Astellas to acquire IVERIC bio for $40/share in $5.9B all-cash deal

## Summary
- Astellas to acquire IVERIC bio for $40.00 per share in cash, a 64% premium to unaffected close of $24.33 on March 31, 2023.
- Total equity value approximately $5.9 billion based on ~148.2M fully diluted shares.
- ACP (avacincaptad pegol) NDA for geographic atrophy has PDUFA goal date of August 19, 2023 with priority review.
- Transaction expected to close in Q3 2023, subject to stockholder approval, HSR clearance, and other conditions.

## SEC filing metadata
- accession: 0001104659-23-053477
- form_type: 8-K
- cik: 0001410939
- company_name: IVERIC bio, Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410939/000110465923053477/0001104659-23-053477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410939/000110465923053477/tm2314189d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-053477
- JSON: https://secwatch.observer/filing/0001104659-23-053477.json
- Plain text: https://secwatch.observer/filing/0001104659-23-053477.txt

## Key facts
- Governance Changes
  IVERIC bio, Inc.: Added a forum selection provision to the Amended and Restated Bylaws specifying exclusive forum for certain internal corporate claims (effective 2023-04-28).
  - Change: bylaw amendment
  - Effective: 2023-04-28
  source text: On April 28, 2023, the Board approved an amendment to the Company’s existing Amended and Restated Bylaws (the “ Bylaws ”) to add a new Article V, Section 9 forum selection provision (the “ Forum Selection Amendment ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410939/000110465923053477/0001104659-23-053477-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.