Panacea Acquisition Corporation, a Delaware corporation, is a blank check company newly formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company’s sponsor is an affiliate of EcoR1 Capital, an investment firm with over $1.8 billion in regulatory assets under management as of January 1, 2020. Panacea may pursue an initial business combination opportunity in any industry or geographical location, the Company intends to capitalize on the management team’s background and experience to identify promising opportunities in the biotechnology sector.