Add-on Acquisition • Life Science

Allergan Acquires Vitae Pharmaceuticals

On September 14, 2016, Allergan acquired life science company Vitae Pharmaceuticals for 639M USD

Acquisition Context
  • This is Allergan’s 18th transaction in the Life Science sector.
  • This is Allergan’s 11th largest (disclosed) transaction.
  • This is Allergan’s 19th transaction in the United States.
  • This is Allergan’s 1st transaction in Pennsylvania.

Explore All 3110 Add-on Acquisition Life Science Deals - Search the Database Free


M&A Deal Summary

Date September 14, 2016
Target Vitae Pharmaceuticals
Sector Life Science
Buyer(s) Allergan
Deal Type Add-on Acquisition
Deal Value 639M USD
Advisor(s) J.P. Morgan Securities (Financial)
Gunderson Dettmer (Legal)

Target Company

Vitae Pharmaceuticals

Fort Washington, Pennsylvania, United States
Vitae Pharmaceuticals, Inc. is a clinical-stage biotechnology company developing first-in-class product candidates with potential to transform the treatment paradigm for patients with significant unmet medical needs. Initial indications being pursued include psoriasis, other autoimmune disorders, and atopic dermatitis.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Allergan

Parsippany, New Jersey, United States

Category Company
Founded 1956
Sector Life Science
Employees31,200
Revenue 15.8B USD (2018)
DESCRIPTION

Allergan is an integrated specialty pharmaceutical company focused on developing, manufacturing and distributing generic, brand and biosimilar products. The Company was originally established in 1956 and is based in Parsippany, New Jersey.


Deal Context for Buyer #
Overall 28 of 38
Sector: Life Science 18 of 23
Type: Add-on Acquisition 22 of 31
State: Pennsylvania 1 of 1
Country: United States 19 of 27
Year: 2016 5 of 9
Size (of disclosed) 11 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 RetroSense Therapeutics

Ann Arbor, Michigan, United States

RetroSense Therapeutics is a biotechnology company developing life-enhancing gene therapies designed to restore vision in patients suffering from blindness due to retinitis pigmentosa and advanced dry age-related macular degeneration. There are currently no FDA-approved drugs to improve or restore vision in patients with these retinal degenerative conditions. The Company's approach to using optogenetics in vision restoration is based on pioneering, proprietary research conducted at Wayne State University and Massachusetts General Hospital. RetroSense has worldwide exclusive rights to the relevant intellectual property from both institutions. RetroSense is led by a team of seasoned veterans with deep experience in taking products from the discovery stage through to the clinic.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 Akarna Therapeutics

Cambridge, United Kingdom

Akarna Therapeutics Ltd. is a bio-pharmaceutical company, that develops novel small molecule therapeutics that target inflammatory and fibrotic diseases.

Buy $50M