Investment Summary

Alta Partners Invests In Prolacta Bioscience

On May 23, 2007, venture capital firm Alta Partners invested in life science company Prolacta Bioscience

Investment Highlights
  • This is Alta Partners’ 32nd transaction in the Life Science sector.
  • This is Alta Partners’ 1st transaction in Australia.
Investment Fate
  • Prolacta Bioscience was sold to a consortium of financial buyers in 2016.

Investment Summary

Date 2007-05-23
Target Prolacta Bioscience
Sector Life Science
Investor(s) Alta Partners
Deal Type Venture

Target

Prolacta Bioscience

Adelaide, Australia
Prolacta Bioscience is a biopharmaceutical company developing and marketing human milk-based nutritional products for premature infants in the neonatal intensive care unit. Prolacta Bioscience was founded in 1999 and is based in Adelaide, Australia.

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Investor(S) 1

Investor

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 38 of 59
Sector: Life Science M&A 32 of 50
Type: Venture M&A Deals 32 of 48
Country: Australia M&A 1 of 1
Year: 2007 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-15 Insulet

Acton, Massachusetts, United States

Insulet is a medical device company, which develops and manufactures insulin infusion systems for people with insulin-dependent diabetes. Insulet was founded in 2000 and is based in Acton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-07 Ablynx NV

Zwijnaarde, Belgium

Ablynx is a biopharmaceutical company focused on the discovery and development of Nanobodies, a new class of antibody-derived therapeutics for inflammation, cancer, blood and lung disease. The company currently has more than 30 products under development in its product pipeline. Ablynx was formed in 2001 and is based in Ghent, Belgium.

Sell -