M&A Deal Summary

Galt Pharmaceuticals Acquires Oravig

On December 16, 2020, Galt Pharmaceuticals acquired medical products company Oravig from Fortovia Therapeutics

Acquisition Highlights
  • This is Galt Pharmaceuticals’ 1st transaction in the Medical Products sector.
  • This is Galt Pharmaceuticals’ 1st transaction in the United States.
  • This is Galt Pharmaceuticals’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2020-12-16
Target Oravig
Sector Medical Products
Buyer(s) Galt Pharmaceuticals
Sellers(s) Fortovia Therapeutics
Deal Type Divestiture

Target

Oravig

Raleigh, North Carolina, United States
Oravig is a muco-adhesive buccal tablet formulation of miconazole approved to treat oropharyngeal candidiasis (OPC), also known as oral thrush, in adult patients in the United States.

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Buyer(S) 1

Buyer

Galt Pharmaceuticals

Atlanta, Georgia, United States

Category Company
Founded 2016
Sector Medical Products
DESCRIPTION

Galt Pharmaceuticals is a pharmaceutical company provides products for clinical needs. Galt Pharmaceuticals was founded in 2016 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Fortovia Therapeutics

Raleigh, North Carolina, United States

Category Company
Founded 2002
Sector Life Science
Revenue 9M USD (2017)
DESCRIPTION

Fortovia Therapeutics is a pharmaceutical company focused on oncology supportive care, with five marketed products in their portfolio. These products help patients manage the impact of their cancer as well as the side effects of their cancer therapies. Fortovia Therapeutics was founded in 2002 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1