M&A Deal Summary

Ernexa Therapeutics Acquires Novellus Therapeutics

On June 14, 2021, Ernexa Therapeutics acquired life science company Novellus Therapeutics from Factor Bioscience for 125M USD

Acquisition Highlights
  • This is Ernexa Therapeutics’ 2nd transaction in the Life Science sector.
  • This is Ernexa Therapeutics’ largest (disclosed) transaction.
  • This is Ernexa Therapeutics’ 3rd transaction in the United States.
  • This is Ernexa Therapeutics’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-06-14
Target Novellus Therapeutics
Sector Life Science
Buyer(s) Ernexa Therapeutics
Sellers(s) Factor Bioscience
Deal Type Divestiture
Deal Value 125M USD

Target

Novellus Therapeutics

Cambridge, Massachusetts, United States
Novellus Therapeutics is a company developing next-generation engineered mesenchymal stem cell therapies using patented mRNA cell reprogramming and gene editing technologies. Novellus Therapeutics was founded in 2015 and is based in Cambridge, Massachusetts.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Ernexa Therapeutics

Cambridge, Massachusetts, United States

Category Company
Founded 2018
Sector Life Science
DESCRIPTION

Ernexa Therapeutics is focused on providing cytokine-based therapy to treat patients with cancer, both as a single agent and in combination with other anti-cancer therapies. Its most advanced program is studying the safety and efficacy of IRX-2 in patients with head and neck cancer. Ernexa Therapeutics was founded in 2018 and is based in Cambridge, Massachusetts.


DEAL STATS #
Overall 3 of 3
Sector: Life Science M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-13 Buzztime

Carlsbad, California, United States

Buzztime delivers interactive entertainment and innovative technology that helps its customers acquire, engage, and retain their patrons. The company's tablets, mobile app, and technology offer engaging solutions to establishments that have guests who experience dwell time, such as in bars, restaurants, casinos, and senior living centers. Buzztime was founded in 1983 and is based in Carlsbad, California.

Buy -

Seller(S) 1

SELLER

Factor Bioscience

Cambridge, Massachusetts, United States

Category Company
Founded 2011
Sector Life Science
DESCRIPTION

Factor Bioscience develops technologies for engineering cells to advance the study and treatment of disease. Factor Bioscience developed the fastest, highest-efficiency method for reprogramming somatic cells to a pluripotent stem-cell state, a key invention now recognized by several patents. This technology, which enables the production of patient-specific cells for transplantation, has wide-ranging applications in personalized regenerative medicine. Factor Bioscience was founded in 2011 and is based in Cambridge, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector: Life Science M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Massachusetts M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-19 Factor Bioscience - Dual-CAR T Programs

Cambridge, Massachusetts, United States

Factor Bioscience's Dual-CAR T Programs are specifically designed to target patients with extramedullary disease (EMD), which we are referring to as TPST-2003 and are based in Cambridge, Massachusetts.

Sell -