BRIEF-Timber Pharmaceuticals To Be Acquired By Leo Pharma

Reuters

2023-08-21

Aug 21 (Reuters) -

* TIMBER PHARMACEUTICALS TO BE ACQUIRED BY LEO PHARMA

* TIMBER PHARMACEUTICALS INC - TOTAL TRANSACTION VALUE OF UP TO $36 MILLION

* TIMBER PHARMACEUTICALS- TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES AND IS EXPECTED TO CLOSE IN Q4 OF 2023

* TIMBER PHARMACEUTICALS INC - FOLLOWING COMPLETION OF TRANSACTION, TIMBER WILL BECOME A PRIVATELY HELD COMPANY

Source text for Eikon: Further company coverage:

((reuters.briefs@thomsonreuters.com))

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