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    Amendment: SEC Form SC 14D9/A filed by Inozyme Pharma Inc.

    6/4/25 4:51:51 PM ET
    $INZY
    Biotechnology: Pharmaceutical Preparations
    Health Care
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    SC 14D9/A 1 d908188dsc14d9a.htm SC 14D9/A SC 14D9/A
     
     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    SCHEDULE 14D-9

    (Rule 14d-101)

    Solicitation/Recommendation Statement

    Under Section 14(d)(4) of the Securities Exchange Act of 1934

    (Amendment No. 1)

     

     

    INOZYME PHARMA, INC.

    (Name of Subject Company)

     

     

    INOZYME PHARMA, INC.

    (Name of Persons Filing Statement)

     

     

    COMMON STOCK, PAR VALUE $0.0001 PER SHARE

    (Title of Class of Securities)

    45790W108

    (CUSIP Number of Class of Securities)

    Douglas A. Treco, Ph.D.

    Chief Executive Officer

    Inozyme Pharma, Inc.

    321 Summer Street, Suite 400

    Boston, MA 02210

    (857) 330-4340

    (Name, address, and telephone numbers of person authorized to receive notices and communications

    on behalf of the persons filing statement)

    With Copies to:

    Rachael Bushey, Esq.

    Jennifer Porter, Esq.

    Laura Gulick, Esq.

    Goodwin Procter LLP

    3025 John F Kennedy Blvd

    Philadelphia, PA 19104

    (445) 207-7800

     

     

     

    ☐

    Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

     

     
     


    This Amendment No. 1 (this “Amendment No. 1”) amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9 (as further amended or supplemented from time to time, the “Schedule 14D-9”) previously filed by Inozyme Pharma, Inc., a Delaware corporation (the “Company” or “Inozyme”), with the U.S. Securities and Exchange Commission on June 2, 2025, relating to the tender offer by Incline Merger Sub, Inc., a Delaware corporation (“Purchaser”), and a wholly owned subsidiary of BioMarin Pharmaceutical Inc., a Delaware corporation (“BioMarin” or “Parent”), to acquire all of the issued and outstanding shares of common stock, par value $0.0001 per share, of Inozyme (the “Shares”), at a price per Share of $4.00, without interest and subject to any withholding of taxes required by applicable law, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 2, 2025 (as amended or supplemented from time to time, the “Offer to Purchase”), and in the related Letter of Transmittal, as amended or supplemented from time to time (together with the Offer to Purchase, constitute the “Offer”). Any capitalized term used and not otherwise defined herein shall have the meaning ascribed to such term in the Schedule 14D-9.

    Except as otherwise set forth below, the information set forth in the Schedule 14D-9 remains unchanged. This Amendment No. 1 is being filed to reflect certain amendments and updates as reflected below.

    Item 3. Past Contracts, Transactions, Negotiations and Agreements.

    Item 3 “Past Contracts, Transactions, Negotiations and Agreements” of the Schedule 14D-9 is hereby amended and supplemented as follows:

     

    1.

    By adding the bold and underlined text to the table appearing on page 6 under the subsection entitled “Treatment of Company Options” (which subsection begins on page 5).

     

         Shares of
    Common
    Stock
    Underlying
    In-the-Money
    Company
    Options
         Weighted
    Average
    Exercise
    Price
         Estimated
    Aggregate
    In-the-Money
    Company
    Option
    Payment
     

    Executive Officers:

            

    Douglas A. Treco, Ph.D.

         486,979      $ 1.37      $ 1,282,984.17  

    Sanjay S. Subramanian

         460,000      $ 2.85      $ 528,000  

    Matthew Winton, Ph.D.

         145,000      $ 1.06      $ 426,300  

    Directors:

            

    Sarah Bhagat, Ph.D.

         —       $ —       $ —   

    Axel Bolte, MBA

         393,363      $ 2.32      $ 659,468.49  

    Reinaldo M. Diaz, MBA

         —       $ —       $ —   

    Martin Edwards M.D., MBA

         —       $ —       $ —   

    Erik Harris, MBA

         —       $ —       $ —   

    Rob Hopfner, Rph, Ph.D., MBA

         —       $ —       $ —   

    Edward Mathers

         —       $ —       $ —   

    Lynne Sullivan, MST

         28,368      $ 2.77      $ 34,892.64  
      

     

     

        

     

     

        

     

     

     

    Item 8. Additional Information.

    Item 8 “Additional Information” of the Schedule 14D-9 is hereby amended and supplemented as follows:

     

    1.

    By deleting the second paragraph on page 42 under the subsection entitled “Antitrust Approvals in the United States” (which subsection starts on page 42) in its entirety and replacing it with the following paragraph.

    “On June 2, 2025, each of Inozyme and BioMarin filed a Premerger Notification and Report Form under the HSR Act with the FTC and the Antitrust Division in connection with the Transactions. Under the HSR Act and the rules and regulations promulgated thereunder by the FTC, the waiting period applicable to the purchase of Shares pursuant to the Offer will expire on June 17, 2025, at 11:59 p.m., Eastern Time and Inozyme and


    BioMarin have requested “early termination” of such waiting period. This period may be shortened if the reviewing agency grants “early termination” of the waiting period, or lengthened if the acquiring person voluntarily withdraws and refiles to allow a second 15-day waiting period, or if the reviewing agency issues a formal request for additional information and documentary material, in which case the waiting period expires ten days after the date when the acquiring person has certified its substantial compliance with such request, unless earlier terminated. The Antitrust Division and the FTC assess the legality under the antitrust laws of transactions such as the acquisition of Shares by Purchaser pursuant to the Offer. At any time before or after the consummation of any such transactions, the Antitrust Division or the FTC could take such action under the antitrust laws of the United States as it deems necessary or desirable in the public interest, including seeking to enjoin the purchase of Shares pursuant to the Offer or seeking divestiture of Shares so acquired or divestiture of substantial assets of BioMarin and/or Inozyme. Private parties and individual states of the United States may also bring legal actions under the antitrust laws of the United States. BioMarin and Inozyme do not believe that the consummation of the Offer will result in a violation of any applicable antitrust laws. However, there can be no assurance that a challenge to the Offer on antitrust grounds will not be made or, if such a challenge is made, what the result would be.”

    SIGNATURE

    After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

       

    Inozyme Pharma, Inc.

        By:   /s/ Douglas A. Treco
       

    Name:

     

    Douglas A. Treco

       

    Title:

     

    Chief Executive Officer

    Dated: June 4, 2025

         
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