M&A Deal Summary

Histogen Acquires Conatus Pharmaceuticals

On May 27, 2020, Histogen acquired life science company Conatus Pharmaceuticals from Bay City Capital

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

M&A Deal Summary

Date 2020-05-27
Target Conatus Pharmaceuticals
Sector Life Science
Buyer(s) Histogen
Sellers(s) Bay City Capital
Deal Type Merger
Advisor(s) Oppenheimer & Co. (Financial)
Latham & Watkins (Legal)

Target

Conatus Pharmaceuticals

San Diego, California, United States
Conatus Pharmaceuticals is a biotechnology company focused on the development and commercialization of novel medicines to treat liver disease. Conatus Pharmaceuticals was founded in 2005 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Histogen

San Diego, California, United States

Category Company
Founded 2007
Sector Life Science
Employees7
Revenue 4M USD (2022)
DESCRIPTION

Histogen is a regenerative medicine company developing patented technologies that replace and regenerates tissues in the body. The company’s innovative technology platform utilizes cell-conditioned media and extracellular matrix materials produced by hypoxia-induced multipotent cells, developing therapeutic products that address underserved, multi-billion US dollar global markets. Histogen was founded in 2007 and is headquartered in San Diego, 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: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Bay City Capital

San Rafael, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bay City Capital LLC was established in 1997 as an equal partnership between The Craves Group and certain Pritzker family business interests for the purpose of managing investment funds in the life sciences industry. Bay City looks for opportunities at all stages of development in biopharmaceuticals, drug discovery, medical devices and diagnostics. Bay City Capital is based in San Francisco, California.


DEAL STATS #
Overall 60 of 63
Sector: Life Science M&A 43 of 46
Type: Merger M&A Deals 3 of 4
State: California M&A 32 of 33
Country: United States M&A 57 of 60
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 PharmAkea

San Diego, California, United States

PharmAkea is a biopharmaceutical company and is a developer of high-quality, small molecule drug candidates against protein targets involved in fibroproliferative diseases. PharmAkea was founded in 2012 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Intarcia Therapeutics

Boston, Massachusetts, United States

Intarcia Therapeutics is a biopharmaceutical company applying a targeted approach to the acquisition, development and commercialization of novel therapeutic products for the treatment of cancer and infectious diseases. Intarcia Therapeutics is based in Boston, Massachusetts.

Sell -