M&A Deal Summary

Amylyx Acquires Avexitide

On July 10, 2024, Amylyx acquired life science company Avexitide from Eiger BioPharmaceuticals

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

M&A Deal Summary
Date 2024-07-10
Target Avexitide
Sector Life Science
Buyer(s) Amylyx
Sellers(s) Eiger BioPharmaceuticals
Deal Type Divestiture

Target

Avexitide

Palo Alto, California, United States
Avexitide is an investigational, first-in-class glucagon-like peptide-1 (GLP-1) receptor antagonist that has been evaluated in five Phase 2 clinical studies for post-bariatric hypoglycemia (PBH) and has also been studied in congenital hyperinsulinism (HI), with U.S. Food and Drug Administration (FDA) Breakthrough Therapy Designation for both indications and FDA Rare Pediatric Disease Designation in congenital HI. Avexitide is based in Palo Alto, California.

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Buyer(S) 1

Buyer

Amylyx

Cambridge, Massachusetts, United States
Category Company
Sector Life Science
Employees384
DESCRIPTION

Amylyx is committed to the discovery and development of new treatment options for communities with high unmet needs, including people living with serious and fatal diseases. Amylyx is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Eiger BioPharmaceuticals

Palo Alto, California, United States
Category Company
Founded 2008
Sector Life Science
Employees54
Revenue 12M USD (2021)
DESCRIPTION

Eiger BioPharmaceuticals is a biopharmaceutical company focused on the discovery and development of new antiviral agents against novel targets in the treatment of Hepatitis. Our pipeline includes preclinical NCEs from discovery as well as repurposed clinical agents to treat Hepatitis C and Hepatitis D. Eiger BioPharmaceuticals was incorporated in 2008 and is based in Palo Alto, California.

DEAL STATS #
Overall 2 of 2
Sector (Life Science) 2 of 2
Type (Divestiture) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-03 Zokinvy

Palo Alto, California, United States

Zokinvy is a disease-modifying agent that blocks the accumulation of defective progerin and progerin-like proteins which leads to cellular instability and premature aging in children and young adults with progeria. Zokinvy is based in Palo Alto, California.

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