Agreement signedPublished 14 May 2026

Biogen Inc. /
Apellis Pharmaceuticals, Inc.

Biogen completes purchase of Apellis through merger

Buy side: Biogen Inc.
Buy sideBiogen Inc.
Target: Apellis Pharmaceuticals, Inc.
TargetApellis Pharmaceuticals, Inc.
Apellis Pharmaceuticals, Inc. · 14 May 2026Source
Buy side: Biogen Inc.
Buy sideBiogen Inc.
Target: Apellis Pharmaceuticals, Inc.
TargetApellis Pharmaceuticals, Inc.
01 / BuyerBiogen Inc.
02 / TargetApellis Pharmaceuticals, Inc.
Source for the buyer and target: Apellis Pharmaceuticals, Inc.

For the buyer and target.

“As previously disclosed, on March 31, 2026, Apellis Pharmaceuticals, Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Biogen Inc., a Delaware corporation (“Biogen”), and Aspen Purchaser Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Biogen (“Purchaser”).”

Published 14 May 2026

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01

What happened

Biogen has finished its acquisition of Apellis Pharmaceuticals, Inc. after a tender offer expired on May 13, 2026, with a large share of shares tendered. The merger took effect on May 14, 2026, and Apellis is now a wholly owned subsidiary of Biogen. [01]

The total amount paid in the offer and merger is approximately $5.3 billion, excluding fees and expenses and any contingent value right payments. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · Apellis Pharmaceuticals, Inc.

Biogen completes purchase of Apellis through merger

This document is the source for the companies, stage, figure and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Also stated

    “Biogen completes purchase of Apellis through merger Biogen has finished its acquisition of Apellis Pharmaceuticals, Inc. after a tender offer expired on May 13, 2026, with a large share of shares tendered”

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  2. Closed

    “The merger took effect on May 14, 2026, and Apellis is now a wholly owned subsidiary of Biogen”

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  3. Published by Apellis Pharmaceuticals, Inc.

    The source this page is built from.

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