M&A Deal Summary

Cyclo Therapeutics Acquires Applied Molecular Transport

On September 21, 2023, Cyclo Therapeutics acquired life science company Applied Molecular Transport

Acquisition Highlights
  • This is Cyclo Therapeutics’ 1st transaction in the Life Science sector.
  • This is Cyclo Therapeutics’ 1st transaction in the United States.
  • This is Cyclo Therapeutics’ 1st transaction in California.

M&A Deal Summary

Date 2023-09-21
Target Applied Molecular Transport
Sector Life Science
Buyer(s) Cyclo Therapeutics
Deal Type Merger
Advisor(s) MTS Health Partners (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Applied Molecular Transport

South San Francisco, California, United States
Applied Molecular Transport a privately-held biopharmaceutical company committed to developing novel, oral biological therapeutics to treat severe autoimmune, metabolic, and inflammatory diseases. AMT is leveraging its propriety technology platforms to create gastrointestinal (GI)-select therapeutics that harness naturally occurring transport and targeting mechanisms to cross the protective barrier of the intestinal epithelium (IE). Applied Molecular Transport was founded in 2010 and is based in South San Francisco, California.

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Buyer(S) 1

Buyer

Cyclo Therapeutics

Gainesville, Florida, United States

Category Company
Sector Life Science
DESCRIPTION

Cyclo Therapeutics is a clinical-stage biotechnology company focused on developing transformative therapies for rare and neurological diseases with limited treatment options. The Company’s investigational Trappsol Cyclo™, an orphan drug designated product in the United States and Europe, is the subject of four formal clinical trials for Niemann-Pick Disease Type C, a rare and fatal genetic disease, (www.ClinicalTrials.gov NCT02939547, NCT02912793, NCT03893071 and NCT04860960). It is conducting a Phase 2b clinical trial using Trappsol Cyclo intravenously in early Alzheimer’s disease (NCT05607615) based on encouraging data from an Expanded Access program for Alzheimer’s disease (NCT03624842). Cyclo Therapeutics is based in Gainesville, Florida


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1