Impel Pharmaceuticals announces exploration of strategic alternatives

Impel Pharmaceuticals announced that it has initiated an exploration of strategic alternatives. As part of this process, the Company plans to consider a wide range of options with a focus on maximizing shareholder value, including a potential sale of assets of the Company, a sale of all of the Company, a merger or other strategic transactions. As the Company explores strategic options, Impel continues to provide full commercial support behind Trudhesa, including Trudhesa Direct access support. The Company has engaged Moelis & Company LLC to act as its financial advisor and Fenwick & West to act as its legal advisor in connection with this review. There can be no assurance that this process will result in the Company pursuing or consummating any particular transaction or other strategic outcome. The Company currently expects to conduct this process over the remainder of 2023, with a goal of closing any such transactions no later than early 2024. However, if the Company is unable to complete a transaction, it may be necessary to seek additional financing or other alternatives for restructuring and resolving its liabilities.