M&A Deal Summary

AstraZeneca Acquires Amolyt Pharma

On March 14, 2024, AstraZeneca acquired life science company Amolyt Pharma from Andera Partners and EQT Life Sciences for 1.1B USD

Acquisition Highlights
  • This is AstraZeneca’s 17th transaction in the Life Science sector.
  • This is AstraZeneca’s 11th largest (disclosed) transaction.
  • This is AstraZeneca’s 1st transaction in France.

M&A Deal Summary

Date 2024-03-14
Target Amolyt Pharma
Sector Life Science
Buyer(s) AstraZeneca
Sellers(s) Andera Partners
EQT Life Sciences
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Amolyt Pharma

Ecully, France
Amolyt Pharma is a clinical-stage biotechnology company, building therapeutic peptides to deliver life-changing treatments to patients suffering from rare endocrine and related diseases. Amolyt Pharma was founded in 2015 and is based in Ecully, France.

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Buyer(S) 1

Buyer

AstraZeneca

Cambridge, United Kingdom

Category Company
Founded 1992
Sector Life Science
Employees83,100
Revenue 54.1B USD (2024)
DESCRIPTION
Main office on AstraZeneca's campus in Waltham, Massachusetts.
Main office on AstraZeneca's campus in Waltham, Massachusetts.

AstraZeneca is a global biopharmaceutical company that focuses on the discovery, development, and commercialization of prescription medicines in several major disease areas, including oncology, cardiovascular, renal & metabolism, and respiratory & immunology. AstraZeneca was founded in 1992 and is based in Cambridge, United Kingdom.


DEAL STATS #
Overall 19 of 23
Sector: Life Science M&A 17 of 21
Type: Add-on Acquisition M&A Deals 15 of 17
Country: France M&A 1 of 1
Year: 2024 M&A 1 of 3
Size (of disclosed) 11 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-26 Gracell Biotechnologies

Suzhou, China

Gracell Biotechnologies is a global clinical-stage biopharmaceutical company dedicated to discovering and developing breakthrough cell therapies. Leveraging its pioneering FasTCAR and TruUCAR technology platforms, Gracell is developing a rich clinical-stage pipeline of multiple autologous and allogeneic product candidates with the potential to overcome major industry challenges that persist with conventional CAR-T therapies, including lengthy manufacturing time, suboptimal production quality, high therapy cost and lack of effective CAR-T therapies for solid tumors. Gracell Biotechnologies was founded in 2017 and is based in Suzhou, China.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Fusion Pharmaceuticals

Hamilton, Ontario, Canada

Fusion Pharmaceuticals is a pharmaceutical company focused on the targeted alpha therapy field. Fusion will exploit its unique expertise in linking medical isotopes to targeting molecules to create highly effective therapeutics. Fusion Pharmaceuticals was formed in 2014 and is based in Hamilton, Ontario.

Buy $2.4B

Seller(S) 2

SELLER

Andera Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 42 of 52
Sector: Life Science M&A 7 of 10
Type: Add-on Acquisition M&A Deals 15 of 20
Country: France M&A 32 of 40
Year: 2024 M&A 1 of 7
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-29 Meotec

Boulogne-Billancourt, France

Meotec is an operational consulting firm supporting organizations in project management, procurement, performance, supply chain, and quality/process optimization. It provides hands-on consulting and transformation support to help clients execute strategic initiatives. Meotec was founded in 2005 and is based in Boulogne-Billancourt, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 Loyalty

Limonest, France

Loyalty offers an ecosystem of agencies with complementary expertise to help advertisers develop their business, by aligning their marketing and sales practices with the new expectations and needs of their customers. Loyalty was founded in 2004 and is based in Limonest, France.

Sell -
SELLER

EQT Life Sciences


Category Growth Capital Firm
Founded 1987
PE ASSETS 3.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

EQT Life Sciences (formerly Life Science Partners) is a private investment firm focused on growth and venture capital financing for life sciences and healthcare companies. The Firm targets early to mid?stage companies in sectors such as therapeutics, medical devices, diagnostics, healthtech, and biotech. EQT Life Sciences was formed in 1986 and is headquartered in Amsterdam, the Netherlands.


DEAL STATS #
Overall 4 of 10
Sector: Life Science M&A 2 of 6
Type: Add-on Acquisition M&A Deals 3 of 7
Country: France M&A 1 of 2
Year: 2024 M&A 1 of 4
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Atlantic Therapeutics

Galway, Ireland

Atlantic Therapeutics is a developer of professional and consumer medical devices, related software and connected health technologies. Atlantic Therapeutics with its product INNOVO focuses on the treatment of incontinence, sexual health dysfunctions and other associated disorders by strengthening the muscles and modulating the nerves of the pelvic floor. Atlantic Therapeutics was founded in 2017 and is based in Galway, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 Cardior

Hannover, Germany

Cardior is a clinical-stage biopharmaceutical company pioneering the discovery and development of RNA-based therapeutics designed to prevent, repair, and reverse diseases of the heart. The company's therapeutic approach uses distinctive non-coding RNAs as an innovative platform for addressing the root causes of cardiac dysfunctions. Cardior was founded in 2016 and is based in Hannover, Germany.

Sell $1.0B