M&A Deal Summary

Pyxant Labs Acquires Covance

On May 20, 2021, Pyxant Labs acquired life science company Covance from LabCorp

Acquisition Highlights
  • This is Pyxant Labs’ 1st transaction in the Life Science sector.
  • This is Pyxant Labs’ 1st transaction in the United States.
  • This is Pyxant Labs’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-05-20
Target Covance
Sector Life Science
Buyer(s) Pyxant Labs
Sellers(s) LabCorp
Deal Type Divestiture

Target

Covance

Princeton, New Jersey, United States
website
Covance is a drug development company and a provider in nutritional analysis, is dedicated to advancing healthcare and delivering Solutions Made Real. Covance was founded in 1987 and is based in Princeton, New Jersey.

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Buyer(S) 1

Buyer

Pyxant Labs

Colorado Springs, Colorado, United States

website

Category Company
Founded 2000
Sector Life Science
DESCRIPTION

Pyxant Labs provides innovative bioanalytical solutions for advancing leading-edge and challenging drug development programs from translation through NDA approval. Utilizing High-Resolution Mass Spectrometry and traditional LC-MS/MS platforms, the Colorado Springs site is recognized for its fast-turnaround drug discovery services, unique expertise in quantitating delivery mechanisms for RNA therapeutics, anticipatory customer service, and superior regulatory compliance. Pyxant Labs was founded in 2000 and is based in Colorado Springs, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

LabCorp

Burlington, North Carolina, United States

website

Category Company
Founded 1994
Sector Test/Measurement Equipment
Employees70,400
Revenue 14.9B USD (2022)
DESCRIPTION
LabCorp's corporate headquarters in downtown Burlington, North Carolina.
LabCorp's corporate headquarters in downtown Burlington, North Carolina.

LabCorp of America Holdings is a provider of medical laboratory tests and services through a national network of primary clinical laboratories and specialty testing laboratories. LabCorp was formed in 1994 and is based in Burlington, North Carolina.

DEAL STATS #
Overall 2 of 2
Sector (Life Science) 1 of 1
Type (Divestiture) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Myriad Autoimmune s Vectra Testing Business

Salt Lake City, Utah, United States

Myriad Autoimmune's Vectra Testing Business is a non-invasive, blood-based test that analyzes 12 biomarkers to measure RA disease activity. It combines those measures to generate an easy-to-understand score, which indicates the severity of RA inflammation and how well current treatments are working. It also can predict potential, future joint damage. This enables the 5,000 practicing rheumatologists in the U.S. to provide targeted treatment and adjust existing treatments to better manage RA symptoms.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Ovia Health

Boston, Massachusetts, United States

Ovia Health is a digital health platform used by millions of women seeking information and support with family planning, pregnancy, and parenting. Ovia Health is based in Boston, Massachusetts.

Buy -
Mergr

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