M&A Deal Summary

Albireo Acquires Biodel

On May 24, 2016, Albireo acquired life science company Biodel

Acquisition Highlights
  • This is Albireo’s 1st transaction in the Life Science sector.
  • This is Albireo’s 1st transaction in the United States.
  • This is Albireo’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2016-05-24
Target Biodel
Sector Life Science
Buyer(s) Albireo
Deal Type Merger

Target

Biodel

Danbury, Connecticut, United States
Biodel, Inc. is a specialty biopharmaceutical company focused on the development and commercialization of innovative treatments for diabetes that may be safer, more effective and more convenient for patients.

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Buyer(S) 1

Buyer

Albireo

Boston, Massachusetts, United States

Category Company
Founded 2008
Sector Life Science
Revenue 41M USD (2021)
DESCRIPTION

Albireo is a rare disease company focused on the development of novel bile acid modulators to treat pediatric and adult liver diseases. Albireo’s lead product, Bylvay, was approved by the U.S. FDA as the first drug for the treatment of pruritus in all types of progressive familial intrahepatic cholestasis (PFIC), and in Europe for the treatment of PFIC. Bylvay is also being developed to treat other rare pediatric cholestatic liver diseases with a completed Phase III trial in ALGS, an ongoing Phase III study in biliary atresia, as well as Open-label Extension (OLE) studies for PFIC and ALGS. The company has also completed a Phase I clinical trial for A3907 to advance development in adult cholestatic liver disease, with IND-enabling studies progressing with A2342 for viral and cholestatic liver disease. Albireo was spun out from AstraZeneca in 2008 and is headquartered in Boston, Massachusetts, with its key operating subsidiary in Gothenburg, Sweden.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Merger) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1