HitGen - M&A Summary and Business Overview

Life ScienceCompany

HitGen M&A Summary

HitGen has acquired 1 company, including 1 in the last 5 years.

HitGen’s largest acquisition to date was in 2020, when it acquired Vernalis for $25M. The Company’s most targeted sectors include life science (100%).

HitGen Business Overview

Where is HitGen headquartered?

HitGen is headquartered in Chengdu, China.

What is HitGen’s revenue?

HitGen disclosed revenue of 311M CNY for 2021 and 244M CNY for 2020.

How many employees does HitGen have?

HitGen has 458 employees.

What sector is HitGen in?

HitGen is a life science company.

When was HitGen founded?

HitGen was founded in 2012.

M&A Summary

M&A Total Activity1
- M&A Buy Activity1
Total Sectors Invested 1
Total Countries Invested 1
M&A Buy/Sell Connections 1
M&A Advisors 3

HitGen

HitGen, Inc.

Building 6 No.8, Huigu 1st East Road Tianfu International Bio-Town Shuangliu District,
Chengdu, 610200
China,
+86 28 85197385
www.hitgen.com

HitGen is a rapidly growing biotech company with headquarters in Chengdu, China, and a subsidiary in the USA. HitGen has established an industry-leading platform for early-stage drug discovery research, centred on DNA-encoded chemical libraries (DELs). HitGen’s DELs include encoded syntheses for hundreds of billions of novel, diverse, drug-like small molecule and macrocycle compounds. These compounds are members of DELs synthesized from many hundreds of distinct chemical scaffolds, designed and assembled with tractable chemistry based on proven results for identifying drug-like leads against biological targets from known and novel classes. HitGen is working with multiple pharmaceutical and biotech companies, foundations, and research institutes in North America, Europe, Australia, and Asia to discover and develop novel therapeutics of the future. HitGen was founded in 2012 and is based in Chengdu, China.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.2/yr)	#	-	1	-	-	-	-	1
Buy (0.2/yr)	vol		$25M					$25M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								1

Most Recent M&A

Company	Date	Value	Type
Vernalis Plc	2020-10-12	25M USD	Divestiture
Winnersh, United Kingdom · www.vernalis.com
View All >>

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Life Science		1 (100%)	25M (100%)	-	-
Total		1	$25M	-	-

By Geo

State/Country		Buy	Value		Sell	Value
United Kingdom		1	25M		-	-
Total		1	$25M		-	-

Top M&A Advisors

Financial	Deals
China International Capital Corporation Limited (CICC)	1
Deloitte	1

Legal	Deals
Cooley LLP	1

Deal Values

buy	#	Total
< $100M	1	$25M
TOTAL		$25M
Largest	Vernalis Plc $25M (2020-10-12)

M&A Connections

		Deals
Acquired from
Strategic(s)	100%	1 (100%)

Company Summary

SECTOR

Life Science

Revenue

311 28%	2021
244 8%	2020
264 75%	2019
151 185%	2018
53 232%	2017
16	2016
(millions of CNY)	Show More Show Less

Employees

458

Established

2012

Public

Shanghai (SSE): 688222

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HitGen - M&A Summary and Business Overview

Life ScienceCompany