M&A Deal Summary

ARS Pharmaceuticals Acquires Silverback Therapeutics

On November 8, 2022, ARS Pharmaceuticals acquired life science company Silverback Therapeutics

Acquisition Highlights
  • This is ARS Pharmaceuticals’ 1st transaction in the Life Science sector.
  • This is ARS Pharmaceuticals’ 1st transaction in the United States.
  • This is ARS Pharmaceuticals’ 1st transaction in Washington.

M&A Deal Summary

Date 2022-11-08
Target Silverback Therapeutics
Sector Life Science
Buyer(s) ARS Pharmaceuticals
Deal Type Merger
Advisor(s) Leerink Partners (Financial)
Cooley (Legal)

Target

Silverback Therapeutics

Seattle, Washington, United States
Silverback Therapeutics is a clinical-stage biopharmaceutical company, develops tissue targeted therapeutics for the treatment of cancer, chronic viral infections, and other serious diseases. The company's lead product candidate is SBT6050, which is in a Phase I/Ib clinical trial, a TLR8 agonist linker-payload conjugated to a HER2-directed monoclonal antibody that targets tumors, such as breast, gastric, and non-small cell lung cancers. It also focuses on developing SBT6290, a product candidate that is in the preclinical stage, which is a TLR8 linker-payload conjugated to a monoclonal antibody that targets Nectin4, which is expressed in bladder, triple-negative breast, head and neck, and non-small cell lung cancers. Silverback Therapeutics was founded in 2016 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

ARS Pharmaceuticals

San Diego, California, United States

Category Company
Founded 2015
Sector Life Science
Employees162
Revenue 89M USD (2024)
DESCRIPTION

ARS Pharmaceuticals is a biopharmaceutical company, develops and commercializes treatments for severe allergic reactions. ARS Pharmaceuticals was founded in 2015 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1