M&A Deal Summary

BioCryst Pharmaceuticals Acquires Presidio Pharmaceuticals

On October 18, 2012, BioCryst Pharmaceuticals acquired life science company Presidio Pharmaceuticals from Bay City Capital and NMT Capital for 101M USD

Acquisition Highlights
  • This is BioCryst Pharmaceuticals’ 1st transaction in the Life Science sector.
  • This is BioCryst Pharmaceuticals’ largest (disclosed) transaction.
  • This is BioCryst Pharmaceuticals’ 1st transaction in the United States.
  • This is BioCryst Pharmaceuticals’ 1st transaction in California.

M&A Deal Summary

Date 2012-10-18
Target Presidio Pharmaceuticals
Sector Life Science
Buyer(s) BioCryst Pharmaceuticals
Sellers(s) Bay City Capital
NMT Capital
Deal Type Merger
Deal Value 101M USD

Target

Presidio Pharmaceuticals

San Francisco, California, United States
Presidio Pharmaceuticals is a specialty pharmaceutical company focusing on in-licensing, developing, and commercializing novel and validated therapeutics for chronic viral infections, including HIV-1, HCV, and CMV. Presidio Pharmaceuticals was founded in 2006 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

BioCryst Pharmaceuticals

Durham, North Carolina, United States

Category Company
Founded 1986
Sector Life Science
Employees536
Revenue 331M USD (2023)
DESCRIPTION

BioCryst Pharmaceuticals designs, optimizes and develops novel small molecule drugs that block key enzymes involved in rare diseases. BioCryst Pharmaceuticals was incorporated in 1986 and is based in Durham, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Bay City Capital

San Rafael, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bay City Capital LLC was established in 1997 as an equal partnership between The Craves Group and certain Pritzker family business interests for the purpose of managing investment funds in the life sciences industry. Bay City looks for opportunities at all stages of development in biopharmaceuticals, drug discovery, medical devices and diagnostics. Bay City Capital is based in San Francisco, California.


DEAL STATS #
Overall 39 of 62
Sector (Life Science) 26 of 45
Type (Merger) 1 of 4
State (California) 20 of 33
Country (United States) 37 of 59
Year (2012) 4 of 5
Size (of disclosed) 14 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-26 Hyperion Therapeutics

Brisbane, California, United States

Hyperion Therapeutics, Inc. is a commercial-stage biopharmaceutical company committed to developing and delivering life-changing treatments for orphan diseases.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-22 NextWave Pharmaceuticals

Cupertino, California, United States

NextWave Pharmaceuticals is a specialty pharmaceutical company developing extended release OTC and prescription products for children and adults. NextWave Pharmaceuticals was founded in 2005 and is based in Cupertino, California.

Sell $700M
SELLER

NMT Capital

Norwell, Massachusetts, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

NMT Capital is a private equity firm focused on tech-oriented growth industries. Areas of interest include medical devices, diagnostics, biotechnology, specialty pharmaceutical, drug discovery tools, software, communications, information technology, and advanced materials. NMT Capital is based in Quincy, Massachusetts.


DEAL STATS #
Overall 5 of 10
Sector (Life Science) 2 of 2
Type (Merger) 1 of 1
State (California) 1 of 2
Country (United States) 3 of 8
Year (2012) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-23 Kiyatec

Greenville, South Carolina, United States

Kiyatec is commercializing novel 3D cell culture technology, developed at Clemson University, and is providing tools for researchers and clinicians with advanced in vitro models for improved understanding in cell and systems biology, drug development, and clinical diagnosis. Kiyatec was founded in 2005 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-20 Selah Genomics

Greenville, South Carolina, United States

Selah Genomics is a clinical diagnostic company that is rapidly growing at the cutting edge of molecular analysis and next generation sequencing (NGS), and is emerging as a leader in the development of personalized medicine.

Sell $70M