M&A Deal Summary

Denovo Biopharma Acquires Tocagen - Replicating Gene Therapy Platform and Related Assets

On April 28, 2020, Denovo Biopharma acquired life science company Tocagen - Replicating Gene Therapy Platform and Related Assets from Tocagen

Acquisition Highlights
  • This is Denovo Biopharma’s 1st transaction in the Life Science sector.
  • This is Denovo Biopharma’s 1st transaction in the United States.
  • This is Denovo Biopharma’s 1st transaction in California.

M&A Deal Summary

Date 2020-04-28
Target Tocagen - Replicating Gene Therapy Platform and Related Assets
Sector Life Science
Buyer(s) Denovo Biopharma
Sellers(s) Tocagen
Deal Type Divestiture

Target

Tocagen - Replicating Gene Therapy Platform and Related Assets

California, United States
Tocagen, Inc. - Replicating Gene Therapy Platform and Related Assets includes investigational gene therapy and drug regimen for oncology: Toca 511 and Toca FC (now known as DB107), and several early-stage development programs, including programs targeting PD-L1 and other Immuno-oncology targets.

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Buyer(S) 1

Buyer

Denovo Biopharma

San Diego, California, United States

Category Company
Founded 2011
Sector Life Science
DESCRIPTION

Denovo Biopharma LLC is a biopharmaceutical company that applies novel biomarker approaches to re-evaluate medicines that have failed in broad patient populations. The company seeks to discover genomic biomarkers correlated with patients' responses to drug candidates retrospectively. Denovo then designs and executes efficient clinical trials in targeted patient populations to optimize the probability of a successful trial. Denovo Biopharma was founded in 2011 and is based in San Diego, California.


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

Seller(S) 1

SELLER

Tocagen

San Diego, California, United States

Category Company
Founded 2007
Sector Life Science
Revenue 18M USD (2018)
DESCRIPTION

Tocagen is a fully integrated global biotech company that develops first-in-class, broadly applicable, product candidates, that are designed to activate a patient’s immune system against their own cancer from within. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to deliver therapeutic genes into the DNA of cancer cells. Tocagen was formed in 2007 and is based in San Diego, California.


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