M&A Deal Summary

Avalo Therapeutics Acquires Aevi Genomic Medicine

On December 5, 2019, Avalo Therapeutics acquired life science company Aevi Genomic Medicine for 23M USD

Acquisition Highlights
  • This is Avalo Therapeutics’ 1st transaction in the Life Science sector.
  • This is Avalo Therapeutics’ largest (disclosed) transaction.
  • This is Avalo Therapeutics’ 1st transaction in the United States.
  • This is Avalo Therapeutics’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2019-12-05
Target Aevi Genomic Medicine
Sector Life Science
Buyer(s) Avalo Therapeutics
Deal Type Add-on Acquisition
Deal Value 23M USD
Advisor(s) Wedbush Securities, Inc. (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

Aevi Genomic Medicine

Wayne, Pennsylvania, United States
Aevi Genomic Medicine, Inc. is a biopharmaceutical company developing a technology platform for the purpose of treating patients with rare and orphan diseases. Driven by a commitment to patients with pediatric-onset life-altering diseases, Aevi’s research and development efforts include working with the Center for Applied Genomics (CAG) at Children’s Hospital of Philadelphia to leverage novel genetic discoveries to progress its genomic medicine strategy. Aevi Genomic Medicine was founded in 2000 and is based in Wayne, Pennsylvania.

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Buyer(S) 1

Buyer

Avalo Therapeutics

Rockville, Maryland, United States

Category Company
Founded 2011
Sector Life Science
Employees19
Revenue 2M USD (2023)
DESCRIPTION

Avalo Therapeutics is a biopharmaceutical company focused on the development and commercialization of treatments for rare and orphan diseases, as well as neurological conditions. Avalo Therapeutics, Inc. is building a robust pipeline of innovative therapies. Avalo Therapeutics's pediatric rare disease pipeline is led by CERC-801, CERC-802, and CERC-803 (“CERC-800 programs”), which are therapies for inborn errors of metabolism, specifically disorders known as Congenital Disorders of Glycosylation. The FDA granted Rare Pediatric Disease Designation and Orphan Drug Designation (“ODD”) to all three CERC-800 compounds, thus qualifying the Company to receive a Priority Review Voucher (“PRV”) upon approval of a new drug application (“NDA”). Avalo Therapeutics was founded in 2011 and is based in Rockville, Maryland.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1