M&A Deal Summary

Adhera Therapeutics Acquires Turing Pharmaceuticals - Intranasal Ketamine Program

On May 3, 2016, Adhera Therapeutics acquired life science company Turing Pharmaceuticals - Intranasal Ketamine Program from Turing Pharmaceuticals

Acquisition Highlights
  • This is Adhera Therapeutics’ 1st transaction in the Life Science sector.
  • This is Adhera Therapeutics’ 1st transaction in the United States.
  • This is Adhera Therapeutics’ 1st transaction in New York.

M&A Deal Summary

Date 2016-05-03
Target Turing Pharmaceuticals - Intranasal Ketamine Program
Sector Life Science
Buyer(s) Adhera Therapeutics
Sellers(s) Turing Pharmaceuticals
Deal Type Divestiture

Target

Turing Pharmaceuticals - Intranasal Ketamine Program

New York, New York, United States
Turing Pharmaceuticals - Intranasal Ketamine Program comprises business of developing intranasal ketamine to treat disorders due to stress. The asset is located in the United States.

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Buyer(S) 1

Buyer

Adhera Therapeutics

Bothell, Washington, United States

Category Company
Founded 1983
Sector Life Science
Revenue 680K USD (2015)
DESCRIPTION

Adhera Therapeutics, Inc. is an oligonucleotide therapeutics company with broad drug discovery technologies providing the ability to develop proprietary single and double-stranded nucleic acid therapeutics including siRNAs, microRNA mimics, antagomirs, and antisense compounds, including messenger RNA therapeutics. These technologies were built via a roll-up strategy to discover and develop different types of nucleic acid therapeutics in order to modulate (up or down) a specific protein(s) which is either being produced too much or too little thereby causing a particular disease.


DEAL STATS #
Overall 1 of 2
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 Symplmed Pharmaceuticals - DyrctAxess

Cincinnati, Ohio, United States

Symplmed Pharmaceuticals, Inc. - DyrctAxess offers enhanced efficiency, control and information to empower patients, physicians and manufacturers to help achieve optimal care.

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Seller(S) 1

SELLER

Turing Pharmaceuticals

New York, New York, United States

Category Company
Sector Life Science
DESCRIPTION

Turing Pharmaceuticals LLC is a privately-held biopharmaceutical company with offices in New York City and Zug, Switzerland. Turing focuses on developing and commercializing innovative treatments for serious diseases and conditions across a broad range of therapeutic areas, for which there are currently limited or no treatment options. Products being developed include intranasal ketamine for a variety of mood disorders and Syntocinon® (oxytocin nasal solution) for multiple indications. Vecamyl® (mecamylamine HCl tablets) for hypertension is Turing’s first commercial product.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-10 Impax Laboratories - Daraprim

Hayward, California, United States

Impax Laboratories - Daraprim is indicated for the treatment of toxoplasmosis in combination with a sulfonamide. The most common side effects that may occur with Daraprim include allergic reactions, blood disorders, tongue changes, blood in the urine, heart rhythm disorders, anorexia, and vomiting.

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