Divestiture • Life Science

Emergent BioSolutions Acquires TenX BioPharma - Monoclonal Antibody Cancer Therapy

On June 6, 2011, Emergent BioSolutions acquired life science company TenX BioPharma - Monoclonal Antibody Cancer Therapy from TenX BioPharma for 6M USD

Acquisition Context
  • This is Emergent BioSolutions’ 3rd transaction in the Life Science sector.
  • This is Emergent BioSolutions’ 7th largest (disclosed) transaction.
  • This is Emergent BioSolutions’ 5th transaction in the United States.

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M&A Deal Summary

Date June 6, 2011
Target TenX BioPharma - Monoclonal Antibody Cancer Therapy
Sector Life Science
Buyer(s) Emergent BioSolutions
Sellers(s) TenX BioPharma
Deal Type Divestiture
Deal Value 6M USD

Target Company

TenX BioPharma - Monoclonal Antibody Cancer Therapy

United States
TenX BioPharma - Monoclonal Antibody Cancer Therapy includes rights to zanolimumab, an investigational, late-stage monoclonal antibody cancer therapy targeting T-cell lymphomas. Zanolimumab has been evaluated in 130 T-cell lymphoma patients to date. Zanolimumab has received fast track and orphan drug status from the U.S. Food and Drug Administration, and orphan drug status from the European Medicines Agency.
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Buyer Overview 1

Buyer

Emergent BioSolutions

Gaithersburg, Maryland, United States

Category Company
Founded 1998
Sector Healthcare Services
Employees900
Revenue 1.0B USD (2024)
DESCRIPTION

Emergent BioSolutions is a specialty biopharmaceutical company seeking to protect and enhance life by offering specialized products to healthcare providers and governments to address medical needs and emerging health threats. Emergent BioSolutions was founded in 1998 and is based in Gaithersburg, Maryland.


Deal Context for Buyer #
Overall 5 of 11
Sector: Life Science 3 of 7
Type: Divestiture 3 of 6
Country: United States 5 of 7
Year: 2011 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-28 Trubion Pharmaceuticals

Seattle, Washington, United States

Trubion provides promising clinical-stage therapeutic candidates in the targeted disease areas of oncology and autoimmunity.

Buy $136M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-02 Bracco - Healthcare Protective Products Division

United States

Bracco - Healthcare Protective Products Division includes the RSDL® (decontamination lotion) product that is cleared for marketing by the U.S. Food and Drug Administration (FDA) for removal or neutralization of chemical warfare agents from the skin, diversifies and broadens Emergent’s biodefense franchise into the chemical countermeasure market

Buy $26M

Seller Profile 1

SELLER

TenX BioPharma

Philadelphia, Pennsylvania, United States

Category Company
Founded 2009
Sector Life Science
DESCRIPTION

TenX BioPharma, Inc. the rights to zanolimumab, an investigational, late-stage monoclonal antibody cancer therapy targeting T-cell lymphomas.


Deal Context for Seller #
Overall 1 of 1
Sector: Life Science 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2011 1 of 1
Size (of disclosed) 1 of 1