M&A Deal Summary

Evotec Acquires Just Biotherapeutics

On May 20, 2019, Evotec acquired life science company Just Biotherapeutics for 90M USD

Acquisition Highlights
  • This is Evotec’s 13th transaction in the Life Science sector.
  • This is Evotec’s 2nd largest (disclosed) transaction.
  • This is Evotec’s 4th transaction in the United States.
  • This is Evotec’s 1st transaction in Washington.

M&A Deal Summary

Date 2019-05-20
Target Just Biotherapeutics
Sector Life Science
Buyer(s) Evotec
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

Just Biotherapeutics

Seattle, Washington, United States
Just Biotherapeutics, Inc. is a unique technology company that integrates highly synergistic scientific expertise and ML driven technologies for design, development, and manufacturing of biologics.

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Buyer(S) 1

Buyer

Evotec

Hamburg, Germany

Category Company
Founded 1993
Sector Life Science
Employees5,055
Revenue 781M EUR (2023)
DESCRIPTION

Evotec is a drug discovery alliance and development partnership company focused on rapidly progressing innovative product approaches with leading pharmaceutical and biotechnology companies. Evotec was founded in 1993 and is based in Hamburg, Germany.


DEAL STATS #
Overall 14 of 15
Sector (Life Science) 13 of 14
Type (Add-on Acquisition) 10 of 11
State (Washington) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Sanofi SA - Infectious diseases

Paris, France

Sanofi SA - Infectious diseases are caused by bacteria, viruses, fungi or parasites and can be spread, directly or indirectly, from one person to another. Treatments for infectious diseases include antibiotics and anti-viral medications. Today, infectious diseases propagated by bacteria are becoming increasingly resistant to many antibiotics and any use of antibiotics reduces the effectiveness of these drugs for other patients. The World Health Organization (“WHO”) has deemed antibiotic resistance to be one of the three greatest threats to human health today. Almost a million people die of resistant infections a year. It is also estimated that by 2050, 10 million lives a year and a cumulative 100 trillion dollars of economic output are at risk due to the rise of drug resistant infections, if solutions to this problem are not identified now. Thus, there is a critical need to research and develop medical solutions to combat antibiotic resistant bacteria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 OxVax

Oxford, United Kingdom

OxVax is a new immuno-oncology company based on research from Oxford University, which enables the development of the next generation of cancer vaccines with the potential to overcome the limitations of the current approaches. OxVax is developing an innovative cancer vaccine platform based on a unique and proprietary population of dendritic cells capable of inducing a potent anti-tumour immune response. The company's technology allows the bulk manufacture of these cells from donor blood derived stem cells. By ex vivo loading of these cells with tumour antigens, OxVax will be able to create a vaccine which can train the body to target and eliminate tumours.

Buy -