M&A Deal Summary

ArQule Acquires Camitro

On January 29, 2001, ArQule acquired life science company Camitro for 76M USD

Acquisition Highlights
  • This is ArQule’s 1st transaction in the Life Science sector.
  • This is ArQule’s largest (disclosed) transaction.
  • This is ArQule’s 1st transaction in the United States.
  • This is ArQule’s 1st transaction in California.

M&A Deal Summary
Date 2001-01-29
Target Camitro
Sector Life Science
Buyer(s) ArQule
Deal Type Add-on Acquisition
Deal Value 76M USD

Target

Camitro

Menlo Park, California, United States
Camitro Corp., is a predictive modeling company. Camitro's technology consisted of an integrated platform of predictive models and strategies for the design, selection, and optimization of potential new pharmaceutical drugs.

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Buyer(S) 1

Buyer

ArQule

Burlington, Massachusetts, United States

website

Category Company
Founded 1993
Sector Life Science
Employees38
Revenue 26M USD (2018)
DESCRIPTION

ArQule, Inc. is a biotechnology company engaged in the research and development of next-generation, small-molecule cancer therapeutics. ArQule's targeted, broad-spectrum products and research programs are focused on key biological processes that are central to human cancers. ArQule was formed in 1993 and is based in Burlington, Massachusetts.

DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2001) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-17 Cyclis Pharmaceuticals

Norwood, Massachusetts, United States

Cyclis is discovering and developing small-molecule cancer drugs based on a novel technology designed to selectively kill cancer cells and preserve normal cells by restoring and activating cellular checkpoints known to be defective in cancers.

Buy $25M
Mergr

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