M&A Deal Summary

AskBio Acquires RoverMed BioSciences

On September 17, 2019, AskBio acquired life science company RoverMed BioSciences

Acquisition Highlights
  • This is AskBio’s 2nd transaction in the Life Science sector.
  • This is AskBio’s 1st transaction in the United States.

M&A Deal Summary

Date 2019-09-17
Target RoverMed BioSciences
Sector Life Science
Buyer(s) AskBio
Deal Type Add-on Acquisition

Target

RoverMed BioSciences

United States
RoverMed BioSciences developed nanotechnology cargo delivery of therapeutics into the nucleus of diseased cells without affecting healthy cells.

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Buyer(S) 1

Buyer

AskBio

Research Triangle Park, North Carolina, United States

Category Company
Founded 2001
Sector Life Science
DESCRIPTION

Asklepios BioPharmaceutical, Inc. is a clinical-stage gene therapy platform company dedicated to improving the lives of children and adults with rare genetic disorders. AskBio’s gene therapy platform includes an industry-leading proprietary cell line manufacturing process known as Pro10TM and an extensive AAV capsid library. AskBio maintains a portfolio of clinical programs across a range of indications including Pompe, Limb-Girdle Muscular Dystrophy, Cystic Fibrosis, Myotonic Muscular Dystrophy, Hemophilia (Chatham Therapeutic/Takeda) and Duchenne Muscular Dystrophy (Bamboo Therapeutics/Pfizer). AskBio was established in 2001 and is based in Research Triangle Park, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United States M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Synpromics

Edinburgh, United Kingdom

Synpromics Ltd. engages in gene control, improving human health by enabling safer, more effective cell and gene medicines through proprietary genomics, bioinformatics, and intelligent data-driven design. Synpromics Ltd. has developed PromPT, its multi-dimensional bioinformatics database, that enables product-specific promoter design and selection empowering the next generation of cell and gene-based medicines and bioprocessing applications.

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