WHO GOT THE WORK?℠ - Wag Labs Inc., a pet service marketplace platform, is going public via SPAC merger with CHW Acquisition Corp. As a result of the merger, Wag! Group Co. will be listed on the Nasdaq with a post-transaction equity value of approximately $350 million. The transaction, announced Feb. 3, is expected to close by the second quarter of 2022. San Francisco-based Wag Labs is advised by Cleary Gottlieb Steen & Hamilton. CHW, which is based in New York, is represented by a McDermott, Will & Emery team led by partners Ari Edelman and Harold Davidson. Read the press release on Law.com Radar and check out the most recent edition of Law.com’s Who Got the Work?℠ column to find out which law firms and lawyers are being brought in to handle key cases and close major deals for their clients.
CAN’T KEEP MEETING LIKE THIS - Biogen, a biotechnology company specializing in therapies for neurodegenerative diseases, and certain of the company’s executives were hit with a securities class action Monday in Massachusetts District Court. The lawsuit, brought by Block & Leviton, accuses the defendants of engaging in back-channel meetings with Billy Dunn, Office of Neuroscience chief for the Food and Drug Administration, in an effort to gain approval for Aduhelm, a drug meant to treat Alzheimer’s disease that had already failed to obtain approval. The complaint asserts that these meetings are now being investigated by the federal government. Counsel have not yet appeared for the defendants. The case is 1:22-cv-10200, Oklahoma Firefighters Pension and Retirement System v. Biogen Inc. et al. Stay up on the latest deals and litigation with the new Law.com Radar.
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