M&A Deal Summary

Bioverativ Acquires True North Therapeutics

On May 23, 2017, Bioverativ acquired life science company True North Therapeutics for 400M USD

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

M&A Deal Summary
Date 2017-05-23
Target True North Therapeutics
Sector Life Science
Buyer(s) Bioverativ
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

True North Therapeutics

San Francisco, California, United States
True North Therapeutics, Inc. is a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of first-in-class product candidates for complement-mediated diseases. The company’s lead product candidate, TNT009, is designed to selectively inhibit a target in the classical complement pathway. True North’s antibody drug development is focused on the treatment of certain rare diseases mediated by the complement system.

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Buyer(S) 1

Buyer

Bioverativ

Waltham, Massachusetts, United States
Category Company
Sector Life Science
Employees350
DESCRIPTION

Bioverativ, Inc. is a global biotechnology company dedicated to transforming the lives of people with hemophilia and other rare blood disorders through world-class research, development and commercialization of innovative therapies.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
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