M&A Deal Summary

Halozyme Acquires Antares Pharma

On April 13, 2022, Halozyme acquired life science company Antares Pharma for 960M USD

Acquisition Highlights
  • This is Halozyme’s 1st transaction in the Life Science sector.
  • This is Halozyme’s largest (disclosed) transaction.
  • This is Halozyme’s 1st transaction in the United States.
  • This is Halozyme’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2022-04-13
Target Antares Pharma
Sector Life Science
Buyer(s) Halozyme
Deal Type Add-on Acquisition
Deal Value 960M USD
Advisor(s) Jefferies (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Antares Pharma

Ewing, New Jersey, United States
Antares Pharma is a developer of self-administered parenteral pharmaceutical products using advanced drug delivery auto-injector technology. The Company has a portfolio of proprietary and partnered commercial products with several product candidates in various stages of development. Antares Pharma was founded in 1978 and is based in Ewing, New Jersey.

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Buyer(S) 1

Buyer

Halozyme

San Diego, California, United States

Category Company
Founded 1998
Sector Life Science
Employees373
Revenue 829M USD (2023)
DESCRIPTION

Halozyme is a biopharmaceutical company bringing disruptive solutions to significantly improve patient experiences and outcomes for emerging and established therapies. The company advises and supports its biopharmaceutical partners in key aspects of new drug development with the goal of improving patients' lives while helping its partners achieve global commercial success. As the innovators of the ENHANZE technology, which can reduce hours-long treatments to a matter of minutes, Halozyme's commercially-validated solution has touched more than 600,000 patient lives in post-marketing use via five commercialized products across more than 100 global markets. Halozyme and its world-class partners are currently advancing multiple therapeutic programs intended to deliver innovative therapies, with the potential to improve the lives of patients around the globe. Its proprietary enzyme rHuPH20 forms the basis of the ENHANZE technology and is used to facilitate the delivery of injected drugs and fluids, potentially reducing the treatment burden of other drugs to patients. Halozyme was formed in 1998 and is headquartered in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1