As with our other acquisitions, we hope that many of our future Chimerix colleagues will find Jazz a great
place to work and continue contributing to our success for years to come.
Q4. When should we expect deal close? Are there any closing conditions to
note?
We anticipate closing in 2Q25, receipt of required regulatory approvals, satisfaction of other customary closing conditions to closing the
tender offer of a majority of outstanding shares of Chimerixs common stock.
Forward-looking Statements
This communication contains forward-looking statements that involve risks and uncertainties relating to future events and the future performance of Jazz
Pharmaceuticals plc. (Jazz) and Chimerix, Inc. (Chimera) including statements regarding Jazzs proposed acquisition of Chimerix the anticipated occurrence, manner and timing of the proposed tender offer, the closing of
the proposed acquisition and the prospective benefits of the proposed acquisition, including benefits from dordaviprones potential to improve the standard of care for a rare oncology disease and also contribute durable revenue beginning in the
near-term; dordaviprones potential to rapidly become a standard of care and a meaningful therapy for patients with limited treatment options; the potential for a near-term commercial launch of dordaviprone in the U.S. if approved; the
potential of the ongoing Phase 3 ACTION trial to confirm clinical benefit of dordaviprone in recurrent H3 K27M-mutant diffuse glioma and extend its use in first-line patients; dordaviprone potentially being eligible for a Rare Pediatric Disease PRV;
Jazzs anticipated source of funds for the proposed acquisition; and other statements that are not historical facts. Actual results could differ materially from those anticipated in these forward-looking statements. Except as required by law,
each of Jazz and Chimerix assume no obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise. These statements, which represent each of Jazzs and Chimerixs current
expectations or beliefs concerning various future events that are subject to significant risks and uncertainties, may contain words such as may, will, would, could, expect,
anticipate, intend, plan, believe, estimate, project, seek should, strategy, future, opportunity,
potential or other similar words and expressions indicating future results. Risks that may cause these forward-looking statements to be inaccurate include, without limitation: uncertainties as to the timing of the tender offer
uncertainties as to how many of Chimerixs stockholders will tender their stock in the offer: the possibility that competing offers will be made: the possibility that various closing conditions for the transaction may not be satisfied or
waived, including that a governmental entity may prohibit, delay, or refuse to grant approval for the consummation of the transaction (or only grant approval subject to adverse conditions or limitations); the difficulty of predicting the timing or
outcome of regulatory approvals or actions, if any; the possibility that the transaction does not close; risks related to the parties ability to realize the anticipated benefits of the proposed acquisition, including the possibility that the
expected benefits from the proposed acquisition will not be realized or will not be realized within the expected time period and that Jazz and Chimerix will not be integrated successfully or that such integration may be more difficult,
time-consuming or costly than expected; the risk that competing offers or acquisition proposals will be made; the affects of the transaction on relationships with employees, customers, suppliers, other business partners or governmental entities;
negative effects of this announcement or the consummation of the proposed acquisition on the market price of Jazzs ordinary shares or Chimerixs common stock and/or Jazzs or Chimerixs operating results; significant transaction
costs; unknown or inestimable liabilities; the risk of litigation and/or regulatory actions related to the proposed acquisition; Jazzs ability to fund the acquisition with existing cash and investments; effectively launching and
commercializing products and product candidates such as dordaviprone, if approved; the successful completion of development and regulatory activities with respect to dordaviprone; obtaining and maintaining adequate coverage and reimbursement for
Jazzs or Chimerixs products; the time-consuming and uncertain regulatory approval process, including the risk that Chimerixs NDA for dordaviprone seeking accelerated approval for treatment of H3 K27M-mutant diffuse glioma in adult
and pediatric patients with progressive disease following prior therapy may not be approved by FDA in a timely manner or at all, and that Chimerix and/or Jazz may not receive a Rare Pediatric Disease PRV upon potential approval of dordaviprone; the
costly and time-consuming pharmaceutical product development and the uncertainty of clinical success, including risks related to failure or delays in successfully initiating or completing clinical trials and assessing patients, including with
respect to current and planned future clinical trials of dordaviprone; global economic, financial, and healthcare system disruptions and the current and potential future negative impacts to Jazzs or Chimerixs business operations and
financial results; the sufficiency of Jazzs or Chimerixs cash flows and capital resources; Jazzs or Chimerixs ability to achieve targeted or expected future financial performance and results and the uncertainty of future tax.
accounting and other provisions and estimates; and other risks and uncertainties affecting Jazz and Chimerix, including those described from time to time under the caption Risk Factors and elsewhere in their respective filings and
reports with the U.S. Securities and Exchange Commission (the SEC), including Jazzs Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and Chimerixs Quarterly Report on Form 10-Q for the quarterly period
ended September 30, 2024 and Annual Report on Form 10-K for the fiscal year ended December 31, 2023 as well as the Tender Offer Statement on Schedule TO and related tender offer documents to be filed by Jazz and its acquisition subsidiary, Pinetree
Acquisition Sub, Inc., and the Solicitation/Recommendation Statement on Schedule 14D-9 to be filed by Chimerix. Any forward-looking statements are-made based on the current beliefs and judgments of Jazzs and Chimerixs management, and the
reader is cautioned not to rely on any forward-looking statements made by Jazz or Chimerix. Except as required by law, Jazz and Chimerix do not undertake any obligation to update (publicly or otherwise) any forward-looking statement, including
without limitation any financial projection or guidance, whether as a result of new information, future events, or otherwise.
Additional
Information and Where to Find It
The tender offer referenced in this communication has not yet commenced. This communication is for informational
purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities, nor is it a substitute for the tender offer materials that Chimerix, Jazz or its acquisition subsidiary, Pinetree Acquisition Sub, Inc., is
expected to file with the SEC upon the commencement of the tender offer. The solicitation and offer to tender and the offer to buy Chimerix stock will only be made pursuant to a tender offer statement on Schedule TO, including an Offer to Purchase
and related tender offer materials that Jazz and its acquisition subsidiary, Pinetree Acquisition Sub, Inc. is expected to file with the SEC. At the time the tender offer is commenced, Jazz and its acquisition subsidiary will file a Tender Offer
Statement on Schedule TO and thereafter Chimerix is expected to file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. CHIMERIXS STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ
CAREFULLY THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS), AS WELL AS THE SOLICITATION/ RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 BECAUSE THEY WILL EACH CONTAIN
IMPORTANT INFORMATION THAT HOLDERS OF CHIMERIX SECURITIES AND OTHER INVESTORS SHOULD CONSIDER BEFORE MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER. The Offer to Purchase, the related Letter of Transmittal, certain other tender offer
documents, as well as the Solicitation/Recommendation Statement on Schedule 14D-9, will be made available to all stockholders of Chimerix at no expense to them and will also be made available for free at the SECs website at www.sec.gov.
Additional copies may be obtained for free by contacting either Jazz or Chimerix. Copies of the documents filed with the SEC by Chimerix will be available free of charge on Chimerixs website at https://www.chimerix.com or by contacting
Chimerix at IR@chimerix.com. Copies of the documents filed with the SEC by Jazz will be available free of charge on Jazzs website at https://investor.jazzpharma.com or by contacting Jazzs Investor Relations Department at
investorinfo@jazzpharma.com.
In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as
the Solicitation/Recommendation Statement on Schedule 14D-9. Jazz and Chimerix each file annual, quarterly and current reports, proxy statements and other information with the SEC, which are available to the public over the internet at the
SECs website at http://www.sec.gov.
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