Decentralized trials company Science 37 to go private in deal with diagnostics startup eMed
Science 37, one of the startups that fueled the rise in decentralized clinical trials, will go private and see its one-time $1 billion valuation evaporate to just a $38 million equity value in an all-cash deal with eMed.
The telehealth and diagnostics company eMed, which gained popularity during the pandemic for its at-home Covid-19 test in 2020, will buy Science 37 for $5.75 per share in cash, the companies said Monday morning. The deal represents a 21.3% premium to Science 37’s Friday closing price. The North Carolina company’s shares $SNCE were up about 17% before the opening bell.
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