M&A Deal Summary

Avricore Health Acquires Canagen Pharmaceuticals - FerroHem

On September 4, 2013, Avricore Health acquired life science company Canagen Pharmaceuticals - FerroHem from Canagen Pharmaceuticals

Acquisition Highlights
  • This is Avricore Health’s 1st transaction in the Life Science sector.
  • This is Avricore Health’s 1st transaction in Canada.
  • This is Avricore Health’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2013-09-04
Target Canagen Pharmaceuticals - FerroHem
Sector Life Science
Buyer(s) Avricore Health
Sellers(s) Canagen Pharmaceuticals
Deal Type Divestiture

Target

Canagen Pharmaceuticals - FerroHem

British Columbia, Canada
Canagen Pharmaceuticals - FerroHem is a form of heme containing reduced (ferrous) iron.

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Buyer(S) 1

Buyer

Avricore Health

Vancouver, British Columbia, Canada
Category Company
Founded 1996
Sector Life Science
DESCRIPTION

Avricore Health is Western Canada’s first generic prescription and over-the-counter (OTC) product company. Vancpharm's primary mandate is to provide Canadians with affordable Generic Pharmaceuticals and OTC Health care products and consequently become one of the Canada’s leading suppliers of Generic Pharmaceuticals and OTC Health care products. Avricore Health was incorporated in 1996 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 1 of 3
Sector (Life Science) 1 of 2
Type (Divestiture) 1 of 2
State (British Columbia) 1 of 2
Country (Canada) 1 of 3
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 HealthTab

Vancouver, British Columbia, Canada

HealthTab, Inc. is a proven point-of-care solution provider to Canadian pharmacies. The HealthTab system requires just a few drops of blood from a finger prick and generates rapid, labaccurate results for up to 21 biomarkers, including lipids, glucose, liver function, kidney function and electrolytes. Patient results can be printed in-store and accessed securely through an online dashboard. HealthTab has been implemented in pharmacy banner and franchise locations throughout BC since 2014, including Pharmasave, Pure Integrative Pharmacy and The Medicine Shoppe.

Buy -

Seller(S) 1

SELLER

Canagen Pharmaceuticals

Richmond, British Columbia, Canada
Category Company
Founded 2001
Sector Life Science
DESCRIPTION

Canagen Pharmaceuticals Inc. is an innovative and established Canadian generic pharmaceuticals manufacturer actively engaged in the manufacture of finished dosage generic pharmaceuticals, over-the counter (OTC) medication and active pharmaceutical ingredients (APIs) and in the research, development and commercialization of novel drugs covering the cardiovascular, oncology, dementia and anti-viral therapeutic areas.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
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