M&A Deal Summary

Novartis Acquires HySolv Technology

On August 28, 2009, Novartis acquired life science company HySolv Technology from BTG for 10M USD

Acquisition Highlights
  • This is Novartis’ 4th transaction in the Life Science sector.
  • This is Novartis’ 16th largest (disclosed) transaction.
  • This is Novartis’ 4th transaction in the United States.

M&A Deal Summary

Date 2009-08-28
Target HySolv Technology
Sector Life Science
Buyer(s) Novartis
Sellers(s) BTG
Deal Type Divestiture
Deal Value 10M USD

Target

HySolv Technology

United States
HySolv™ was developed by Protherics Salt Lake City Inc. (formerly MacroMed, Inc.) from a patented solvent technology platform for solubilising hydrophobic drugs in a hydrophilic environment.

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Buyer(S) 1

Buyer

Novartis

Basel, Switzerland

website


Category Company
Founded 1996
Sector Life Science
Employees104,323
Revenue 51.8B USD (2022)
DESCRIPTION
Novartis' corporate campus in Basel, Switzerland.
Novartis' corporate campus in Basel, Switzerland.

Novartis is a global healthcare and pharmaceutical enterprise dedicated to advancing medical innovation and enhancing patient well-being. Renowned for its pioneering research and development efforts, Novartis has a comprehensive portfolio encompassing groundbreaking pharmaceuticals, generic medications, biosimilars, and eye care solutions. Novartis was founded in 1996 and is based in Basel, Switzerland.


DEAL STATS #
Overall 4 of 31
Sector (Life Science) 4 of 26
Type (Divestiture) 1 of 3
Country (United States) 4 of 23
Year (2009) 1 of 2
Size (of disclosed) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-04 Protez Pharmaceuticals

Malvem, Pennsylvania, United States

Protez Pharmaceuticals, Inc. is a drug development company focused on novel antibiotics for the hospital market. Key program areas for Protez include a breakthrough broad spectrum carbapenem and two combination strategies for product line extensions of multiple established antibiotics.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 Delenex Therapeutics AG

Schlieren, Switzerland

Delenex Therapeutics AG is a clinical stage biopharmaceutical company focused on the development of locally and systemically applied antibody therapeutics.

Sell -

Seller(S) 1

SELLER

BTG

London, United Kingdom

website


Category Company
Founded 1948
Sector Medical Products
Employees1,182
Revenue 823M USD (2018)
DESCRIPTION

BTG plc which develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as acute care pharmaceuticals. BTG has three key businesses, the largest of which is its Interventional Medicine portfolio which encompasses several peripheral interventional product lines. The interventional oncology franchise includes the TheraSphere® Y-90 radiotherapy microspheres and the GALIL™ cryoablation system, used to treat patients with liver, kidney, and other cancers. More than 840,000 people are expected to be diagnosed with liver cancer in 2018, and that number is expected to grow to 1.1 million by 2030. Kidney cancer is among the 10 most common cancers in both men and women.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-20 CLL Pharma - Opioid Agonist

France

CLL Pharma - Opioid Agonist compound called BTG6001, is an orally active opioid agonist with a long duration of action, potentially reducing the amount of analgesic required for effective pain control. Owing to its unique receptor profile, BTG6001 is also expected to show a superior side effect profile compared with current opiate analgesics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-15 Nordion - Targeted Therapies Division

Ottawa, Ontario, Canada

Nordion, Inc. - Targeted Therapies Division manufactures and markets medical devices for treatment of inoperable primary liver cancer and metastatic liver cancer. The division is located in Ottawa, Canada.

Buy -