Investment Summary

HBM Partners Invests In Ignis Therapeutics

On November 16, 2021, private equity firm HBM Partners invested in life science company Ignis Therapeutics

Investment Highlights
  • This is HBM Partners’ 52nd transaction in the Life Science sector.
  • This is HBM Partners’ 7th transaction in China.

Investment Summary

Date 2021-11-16
Target Ignis Therapeutics
Sector Life Science
Investor(s) HBM Partners
Deal Type Venture

Target

Ignis Therapeutics

Hongkong, China
Ignis Therapeutics is an innovative life science company developing novel therapies for central nervous system (CNS) conditions that have limited treatment options. Ignis is transforming the approach to treating CNS conditions with a strong commitment to self-discovery as well as a development strategy to advance the treatment paradigm. Ignis Therapeutics was formed in 2021 and is based in Hongkong, China.

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Investor(S) 1

Investor

HBM Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.1B USD
Size Large
Type Sector Focused
DESCRIPTION

HBM Partners is a private investment firm focused on investing in entrepreneurial biopharma and other healthcare-related companies in Europe, North America, India and other Emerging Markets. HBM looks to invest $5 to $50 million per transaction and will consider private and public companies. HBM Partners was established in 2001 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 59 of 65
Sector: Life Science M&A 52 of 56
Type: Venture M&A Deals 47 of 52
Country: China M&A 7 of 7
Year: 2021 M&A 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Acrivon

Watertown, Massachusetts, United States

Acrivon is a proprietary, streamlined approach to develop patient selection tumor biopsy tests, called OncoSignature tests. Company’s lead molecule ACR-368 is a potent, selective inhibitor of CHK1 and CHK2 which has shown deep durable single agent activity, including complete responses, in a proportion of patients across several Phase 2 studies of platinum-resistant ovarian cancer and in squamous cell cancers, including anal cancer for which FDA has granted orphan drug designation. Acrivon was founded in 2018 and is based in Watertown, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Freenome

South San Francisco, California, United States

Freenome develops blood-based tests for early cancer detection, applying its proprietary multiomics platform, deep expertise in molecular biology and advanced machine learning. Freenome was founded in 2014 and is based in South San Francisco, California.

Buy -