Add-on Acquisition • Life Science

ATAI Life Sciences AG Acquires Kures

On July 9, 2020, ATAI Life Sciences AG acquired life science company Kures

Acquisition Context
  • This is ATAI Life Sciences AG’s 1st transaction in the Life Science sector.
  • This is ATAI Life Sciences AG’s 1st transaction in the United States.
  • This is ATAI Life Sciences AG’s 1st transaction in New York.

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M&A Deal Summary

Date July 9, 2020
Target Kures
Sector Life Science
Buyer(s) ATAI Life Sciences AG
Deal Type Add-on Acquisition

Target Company

Kures

New York City, New York, United States
Kures, Inc. is a pharmaceutical company target the important intersection between pain and opioid use disorder. Kures is based in New York City.
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Buyer Overview 1

Buyer

ATAI Life Sciences AG

Munchen, Germany

Category Company
Sector Life Science
DESCRIPTION

ATAI Life Sciences AG is a global biotech platform and company builder working to address significant unmet medical needs rooted in a lack of innovation in neuropsychiatry. ATAI Life Sciences is based in München, Germany.


Deal Context for Buyer #
Overall 1 of 3
Sector: Life Science 1 of 3
Type: Add-on Acquisition 1 of 3
State: New York 1 of 1
Country: United States 1 of 2
Year: 2020 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Recognify

Berlin, Germany

Recognify is an entity developing a treatment for Cognitive Impairment Associated with Schizophrenia ("CIAS"). Recognify's lead compound, "RL-007", previously called FSV7-007, has exhibited a modulating effect on three mechanisms that are central to learning and memory: the cholinergic, NMDA, and GABA type B receptor systems.

Buy -