M&A Deal Summary

Ayala Acquires Advaxis

On October 19, 2022, Ayala acquired life science company Advaxis

Acquisition Highlights
  • This is Ayala’s 1st transaction in the Life Science sector.
  • This is Ayala’s 1st transaction in the United States.
  • This is Ayala’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2022-10-19
Target Advaxis
Sector Life Science
Buyer(s) Ayala
Deal Type Merger

Target

Advaxis

Monmouth Junction, New Jersey, United States
Advaxis is a clinical-stage biotechnology company developing multiple cancer immunotherapies based on its proprietary Lm-LLO platform technology. Advaxis was incorporated in 2002 and is headquartered in Monmouth Junction, New Jersey.

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Buyer(S) 1

Buyer

Ayala

Wilmington, Delaware, United States

Category Company
Sector Life Science
Employees20
Revenue 4M USD (2021)
DESCRIPTION

Ayala is a clinical-stage oncology company formed after acquiring an exclusive, worldwide license to its product candidates AL101 and AL102 from Bristol-Myers Squibb (BMS). It is focused on developing and commercializing small molecule therapeutics for patients living with rare and aggressive cancers, especially in genetically defined patient populations. Ayala is based in Wilmington, Delaware.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Ayala Pharmaceuticals - AL102

Rehovot, Pennsylvania, United States

Ayala Pharmaceuticals' AL102 is an investigational small molecule gamma-secretase inhibitor currently being evaluated in the randomized Phase 3 RINGSIDE international trial for the treatment of desmoid tumors – a debilitating soft tissue malignancy. Ayala Pharmaceuticals' AL102 is based in Rehovot, Pennsylvania.

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