M&A
confidence high
sentiment neutral
materiality 0.70
Harrow to acquire Melt Pharmaceuticals for $0.50/share; already owns 45%
HARROW, INC.
- Harrow will pay $0.50 per share of Melt Common Stock for the remaining ~55% it does not already own.
- Melt is a clinical-stage company developing MELT-300 for procedural sedation in cataract surgery.
- Transaction approved by special committees of both boards, each receiving fairness opinions.
- Harrow and Melt entered a Milestone Payment Agreement tied to regulatory and sales milestones.
- Merger Sub will merge with and into Melt; Melt will survive as wholly owned subsidiary of Harrow.