M&A Deal Summary

Celldex Therapeutics Acquires Kolltan Pharmaceuticals

On November 1, 2016, Celldex Therapeutics acquired life science company Kolltan Pharmaceuticals for 63M USD

Acquisition Highlights
  • This is Celldex Therapeutics’ 3rd transaction in the Life Science sector.
  • This is Celldex Therapeutics’ 2nd largest (disclosed) transaction.
  • This is Celldex Therapeutics’ 3rd transaction in the United States.
  • This is Celldex Therapeutics’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2016-11-01
Target Kolltan Pharmaceuticals
Sector Life Science
Buyer(s) Celldex Therapeutics
Deal Type Add-on Acquisition
Deal Value 63M USD
Advisor(s) Guggenheim Securities (Financial)
Holland & Knight LLP (Legal)

Target

Kolltan Pharmaceuticals

New Haven, Connecticut, United States
website
Kolltan Pharmaceuticals, Inc. is a privately held biopharmaceutical company focused on the discovery and development of novel antibody-based drugs targeting receptor tyrosine kinases (RTKs).

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Buyer(S) 1

Buyer

Celldex Therapeutics

Hampton, New Jersey, United States

website

Category Company
Founded 1983
Sector Life Science
Employees148
Revenue 5M USD (2021)
DESCRIPTION

Celldex Therapeutics is an integrated bio pharmaceutical company that applies its comprehensive precision targeted immunotherapy platform to generate a pipeline of candidates to treat cancer and other difficult-to-treat diseases. Celldex’s immunotherapy platform includes a complementary portfolio of monoclonal antibodies, antibody-targeted vaccines and immunomodulators to create novel disease-specific drug candidates. Celldex Therapeutics was founded in 1983 and is based in Hampton, New Jersey.

DEAL STATS #
Overall 3 of 3
Sector (Life Science) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Connecticut) 2 of 2
Country (United States) 3 of 3
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-29 CuraGen

Branford, Connecticut, United States

CuraGen Corporation has a portfolio of 11 fully-owned, human antibodies that the Company selected, optimized and advanced during its collaboration with Abgenix (acquired by Amgen). CR011, currently in Phase 2 studies, is an antibody-drug conjugate that targets GPNMB, a protein that is highly expressed in metastatic breast cancer and melanoma. CR011 has shown promising early evidence of anti-tumor activity, including objective tumor responses, in patients with breast cancer and unresectable stage III and IV melanoma.

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