M&A Deal Summary

Applied Molecular Transport Acquires Cyclo Therapeutics

On September 21, 2023, Applied Molecular Transport acquired life science company Cyclo Therapeutics

Acquisition Highlights
  • This is Applied Molecular Transport’s 1st transaction in the Life Science sector.
  • This is Applied Molecular Transport’s 1st transaction in the United States.
  • This is Applied Molecular Transport’s 1st transaction in Florida.

M&A Deal Summary

Date 2023-09-21
Target Cyclo Therapeutics
Sector Life Science
Buyer(s) Applied Molecular Transport
Deal Type Merger
Advisor(s) Fox Rothschild (Legal)

Target

Cyclo Therapeutics

Gainesville, Florida, United States
Cyclo Therapeutics is a clinical-stage biotechnology company focused on developing transformative therapies for rare and neurological diseases with limited treatment options. The Company’s investigational Trappsol Cyclo™, an orphan drug designated product in the United States and Europe, is the subject of four formal clinical trials for Niemann-Pick Disease Type C, a rare and fatal genetic disease, (www.ClinicalTrials.gov NCT02939547, NCT02912793, NCT03893071 and NCT04860960). It is conducting a Phase 2b clinical trial using Trappsol Cyclo intravenously in early Alzheimer’s disease (NCT05607615) based on encouraging data from an Expanded Access program for Alzheimer’s disease (NCT03624842). Cyclo Therapeutics is based in Gainesville, Florida

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Buyer(S) 1

Buyer

Applied Molecular Transport

South San Francisco, California, United States

Category Company
Founded 2010
Sector Life Science
Employees90
DESCRIPTION

Applied Molecular Transport a privately-held biopharmaceutical company committed to developing novel, oral biological therapeutics to treat severe autoimmune, metabolic, and inflammatory diseases. AMT is leveraging its propriety technology platforms to create gastrointestinal (GI)-select therapeutics that harness naturally occurring transport and targeting mechanisms to cross the protective barrier of the intestinal epithelium (IE). Applied Molecular Transport was founded in 2010 and is based in South San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1