M&A Deal Summary

GRI Bio Acquires GRI Bio

On December 13, 2022, GRI Bio acquired life science company GRI Bio

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

M&A Deal Summary

Date 2022-12-13
Target GRI Bio
Sector Life Science
Buyer(s) GRI Bio
Deal Type Merger
Advisor(s) Mintz Levin Cohn Ferris Glovsky and Popeo (Legal)

Target

GRI Bio

La Jolla, California, United States
GRI Bio is a clinical-stage biopharmaceutical company focused on fundamentally changing the way inflammatory, fibrotic and autoimmune diseases are treated. GRI Bio’s therapies are designed to target the activity of NKT cells, which are key regulators earlier in the inflammatory cascade, to interrupt disease progression and restore the immune system to homeostasis. GRI Bio was founded in 2009 and is based in La Jolla, California.

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Buyer(S) 1

Buyer

GRI Bio

La Jolla, California, United States

Category Company
Founded 2018
Sector Life Science
Employees2
DESCRIPTION

GRI Bio is a clinical-stage biopharmaceutical company focused on the development and commercialization of novel abuse-deterrent medications for CNS disorders. The Company’s lead investigational product candidate, ADAIR (Abuse-Deterrent Amphetamine Immediate-Release), is a proprietary abuse-deterrent formulation of immediate-release (IR) dextroamphetamine in development for the treatment of attention deficit hyperactivity disorder (ADHD) and narcolepsy. ADAIR is designed to deter attempts to crush and snort, and provides barriers to injection. GRI Bio was founded in 2018 and is based in La Jolla, California.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1