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BioWorld - Thursday, April 2, 2026
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Home » AIMing high: Oil firm backs start-up Amryt's orphan disease play
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AIMing high: Oil firm backs start-up Amryt's orphan disease play

April 1, 2016
By Cormac Sheridan
DUBLIN – Amryt Pharmaceuticals plc, a recently formed specialty pharma company with a focus on orphan diseases, is gaining a listing on London's AIM through a reverse takeover of the former oil and gas exploration firm Fastnet Equity plc, of Dublin, in a deal valued at £29.6 million (US$42.6 million). At the same time the Dublin-based company is raising £10 million in new funding and acquiring two European specialty pharma firms, Birken AG and Sompharmaceuticals SA, for a combination of cash, including milestone-based payments, and shares.
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