M&A Deal Summary

Aditxt Acquires Brain Scientific - portfolio of EEG brain monitoring technologies and devices

On January 30, 2024, Aditxt acquired life science company Brain Scientific - portfolio of EEG brain monitoring technologies and devices from Brain Scientific

Acquisition Highlights
  • This is Aditxt’s 3rd transaction in the Life Science sector.
  • This is Aditxt’s 3rd transaction in the United States.

M&A Deal Summary

Date 2024-01-30
Target Brain Scientific - portfolio of EEG brain monitoring technologies and devices
Sector Life Science
Buyer(s) Aditxt
Sellers(s) Brain Scientific
Deal Type Divestiture

Target

Brain Scientific - portfolio of EEG brain monitoring technologies and devices

United States
Brain Scientific's portfolio of EEG brain monitoring technologies and devices includes 16 patents, with the flagship products being a disposable NeuroCap and portable NeuroEEG, intended to enable neurologists to streamline their processes by enhancing throughput, increasing patient comfort, and mitigating contamination risks.

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Buyer(S) 1

Buyer

Aditxt

Richmond, Virginia, United States

Category Company
Founded 2017
Sector Life Science
Employees26
Revenue 1M USD (2022)
DESCRIPTION

Aditxt is developing technologies focused on improving the immune system's health through immune monitoring and reprogramming. Aditxt was founded in 2017 and is based in Richmond, Virginia.


DEAL STATS #
Overall 3 of 4
Sector: Life Science M&A 3 of 4
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Evofem

San Diego, California, United States

Evofem develops and anticipates commercializing innovative products that support and promote women as the primary healthcare consumers. It is currently identifying and developing new and novel products that specifically address unmet needs in the areas of sexual and reproductive health, the prevention of acquisition of sexually transmitted infections, and products that address or promote general health and wellbeing. Evofem is headquartered in San Diego, California.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Appili Therapeutics

Halifax, Nova Scotia, Canada

Appili Therapeutics is a biopharmaceutical company focused on anti-infective drug development. Appili provides drug development programs for unmet patient needs across a broad spectrum of infectious diseases. Appili Therapeutics was founded in 2015 and is based in Halifax, Canada.

Buy -

Seller(S) 1

SELLER

Brain Scientific

Bohemia, New York, United States

Category Company
Founded 2013
Sector Healthcare Services
DESCRIPTION

Brain Scientific is a commercial-stage healthcare company with two FDA-cleared products, providing next-gen solutions to the neurology market. The Company’s smart diagnostic devices and sensors simplify administration, shorten scan time and cut costs, allowing clinicians to make rapid decisions remotely and bridge the widening gap in access to neurological care. Brain Scientific was founded in 2013 and is headquartered in Bohemia, New York.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Piezo Motion

Sarasota, Florida, United States

Piezo Motion is a provider of piezo motor technology with multi-million dollar investment in the research and development of affordable piezoelectric motors to meet, and exceed, the needs of today's global markets. The company is committed to the development of innovative piezoelectric polymer actuators and electrode components that enhance their functionality in a multitude of applications. It works with startups, OEMs, research institutions, and industrial companies from around the world empowering the visionaries behind their products. Piezo Motion is based in Sarasota, Florida.

Buy -