Investment Summary

HBM Partners and BVF Partners Invest In Dren Bio

On October 16, 2020, private equity firms HBM Partners and BVF Partners invested in life science company Dren Bio

Investment Highlights
  • This is HBM Partners’ 37th and BVF Partners’ 3rd transaction in the Life Science sector.
  • This is HBM Partners’ 29th and BVF Partners’ 3rd transaction in the United States.
  • This is HBM Partners’ 14th and BVF Partners’ 2nd transaction in California.

Investment Summary

Date 2020-10-16
Target Dren Bio
Sector Life Science
Investor(s) HBM Partners
BVF Partners
Deal Type Venture

Target

Dren Bio

Foster City, California, United States
Dren Bio is a biotechnology company developing powerful protein engineering technologies to deplete cells, protein aggregates and other disease-causing agents. Dren’s lead programs are initially focused on hematologic neoplasms and solid cancers. Dren Bio was founded in 2019 and is based in Foster City, California.

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Investor(S) 2

Investor

HBM Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.1B USD
Size Large
Type Sector Focused
DESCRIPTION

HBM Partners is a private investment firm focused on investing in entrepreneurial biopharma and other healthcare-related companies in Europe, North America, India and other Emerging Markets. HBM looks to invest $5 to $50 million per transaction and will consider private and public companies. HBM Partners was established in 2001 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 44 of 65
Sector: Life Science M&A 37 of 56
Type: Venture M&A Deals 34 of 52
State: California M&A 14 of 18
Country: United States M&A 29 of 44
Year: 2020 M&A 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-09 Everest Medicines

Shanghai, China

Everest Medicines is a biopharmaceutical company focused on developing and commercializing transformative pharmaceutical products that address critical unmet medical needs for patients in Greater China and other Asian markets. Everest Medicines was founded in 2017 and is based in Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Monte Rosa Therapeutics

Boston, Massachusetts, United States

Monte Rosa Therapeutics is a biotechnology company developing molecular glues to degrade disease-causing proteins. The company has developed a platform to rationally design small molecules that reprogram ubiquitin ligases to eliminate disease drivers previously deemed undruggable. The company’s drug discovery platform combines diverse and proprietary chemical libraries of small molecule protein degraders with in-house proteomics, structural biology, machine learning-based target selection, and computational chemistry capabilities to predict and obtain protein degradation profiles. Monte Rosa Therapeutics was founded in 2018 and is based in Boston, Massachusetts.

Buy -
DESCRIPTION

BVF Partners LP is a private investment firm focused on providing long-term investments in small-cap public biotechnology companies. Prospective transaction types include management buyouts, recapitalizations, and venture. BVF Partners was formed in 1993 and is based in San Francisco, California.


DEAL STATS #
Overall 3 of 3
Sector: Life Science M&A 3 of 3
Type: Venture M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Eledon

Irvine, California, United States

Eledon is a clinical stage biotechnology company using its expertise in targeting the CD40L pathway to develop potential treatments for people requiring an organ or cell-based transplant, and for people with autoimmune and neurodegenerative disease. Eledon is based in Irvine, California.

Buy -