View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
July 14, 2016

M&As this week: Epiva Biosciences, Nichi-iko Pharma, Cell Medica

Immunobiotic therapeutics developer Epiva Biosciences has merged with immune-microbiome company Evelo Biosciences to develop new therapeutics for cancer, autoimmune and inflammatory diseases.

Immunobiotic therapeutics developer Epiva Biosciences has merged with immune-microbiome company Evelo Biosciences to develop new therapeutics for cancer, autoimmune and inflammatory diseases.

According to the transaction, the newly-formed combined company will carry the name of Evelo Biosciences and establish a definitive immuno-microbiome therapeutics platform.

Flagship Ventures has financed the combined company with approximately $40m and plans for additional investments to support the rapid growth of the company.

Nichi-iko Pharmaceuticals, through its wholly-owned subsidiary Shepard Vision INC, plans to enhance its US market to commercialise the biosimilar products pipeline and increase its presence in injectables by acquiring Sagent Pharmaceuticals.

"Cell Medica limited has acquired the remaining 73% stake in Denelex Therapeutics to become a 100% stake holder in the share capital of Denelex Therapeutics."

JPMorgan Securities Japan Co. is acting as financial advisor and Nishimura & Asahi, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Hyman, Phelps & McNamara P.C. are acting as legal advisors to Nichi-Iko, while Perella Weinberg Partners LP and Morgan Stanley & Co are acting as financial advisors.

Krikland & Ellis LLP is acting as legal advisors to Sagent for the transaction.

Cell Medica limited has acquired the remaining 73% stake in Denelex Therapeutics to become a 100% stake holder in the share capital of Denelex Therapeutics.

Pursuant to the transaction, Denelex Therapeutics will be integrated with Cell Medica’s product development programme.

The acquisition enables Cell Medica to advance the development of gene-modified immune cell products for the treatment of cancer.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Key drug pipeline and competitive landscape changes based on the latest clinical activity, sent every Tuesday. Curated analysis and data-driven insights on clinical trials strategy and operations, sent every Thursday. The pharmaceutical industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Clinical Trials Arena