M&A Deal Summary

CoImmune Acquires Formula

On January 15, 2020, CoImmune acquired life science company Formula

Acquisition Highlights
  • This is CoImmune’s 1st transaction in the Life Science sector.
  • This is CoImmune’s 1st transaction in the United States.
  • This is CoImmune’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2020-01-15
Target Formula
Sector Life Science
Buyer(s) CoImmune
Deal Type Merger

Target

Formula

Berwyn, Pennsylvania, United States
Formula Pharmaceutical is focused on development of a best-in-class CAR-therapy platform to overcome key shortcomings of existing CAR-T approaches. Formula Pharmaceuticals’ CAR-CIK (Cytokine Induced Killer) technology leverages allogeneic cells from cord blood and proprietary non-viral transfection (SB100X gene transfer system).

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Buyer(S) 1

Buyer

CoImmune

Durham, North Carolina, United States

Category Company
Founded 2019
Sector Life Science
DESCRIPTION

CoImmune specializes in the development of personalized immuno-oncology therapies including its lead candidate, CMN-001, for treatment of metastatic renal cell carcinoma. CMN-001 is a dendritic cell-based, individualized immunotherapy that captures both mutated and variant antigens that are unique to each patient’s tumor, specifically designed to induce an immune response targeting patient’s particular tumor antigens.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1