InterMune said to be working with Evercore on strategic options

Tuesday, 12 August 2014, 4:15 am

It sounds like this InterMune situation is heating up.

Good sources tell me InterMune - a US-based bio-pharmaceutical company that specialises in making a drug to treat idiopathic pulmonary fibrosis - has begun working with bankers from Evercore alongside long-standing financial adviser Goldman Sachs to look at 'strategic options' for the business.

It is believed the appointment of Evercore may lead to a formal auction of InterMune.

To be clear, though, it still early days in the dealmaking process and a transaction is by no means a certainty...

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