M&A Deal Summary

HTL Biotechnology Acquires Modern Meadow - Beauty & Biomedical Division

On May 6, 2024, HTL Biotechnology acquired life science company Modern Meadow - Beauty & Biomedical Division from Modern Meadow

Acquisition Highlights
  • This is HTL Biotechnology’s 1st transaction in the Life Science sector.
  • This is HTL Biotechnology’s 1st transaction in the United States.
  • This is HTL Biotechnology’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2024-05-06
Target Modern Meadow - Beauty & Biomedical Division
Sector Life Science
Buyer(s) HTL Biotechnology
Sellers(s) Modern Meadow
Deal Type Divestiture

Target

Modern Meadow - Beauty & Biomedical Division

Nutley, New Jersey, United States
Modern Meadow - Beauty & Biomedical Division is a platform of recombinant proteins, with the most advanced product being human recombinant collagen type III (rhCOL3).

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Buyer(S) 1

Buyer

HTL Biotechnology

Javene, France

Category Company
Founded 1992
Sector Life Science
DESCRIPTION

HTL Biotechnology is a fast-growing biotech and industrial firm leading the development and production of innovative pharmaceutical-grade biopolymers. The company has developed a state-of-the-art biopolymers platform that provides customized, pharmaceutical-grade biopolymer solutions to leading pharmaceutical and medical device companies worldwide. Its products are used in therapeutic areas such as ophthalmology, rheumatology, urology, dermatology, and medical aesthetics. HTL Biotechnology was formed in 1992 and is based in Javene, France.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Modern Meadow

Nutley, New Jersey, United States

Category Company
Founded 2011
Sector Life Science
DESCRIPTION

Modern Meadow is a provider in bio fabrication that involves the design of cells to produce and assemble collagen and other proteins to yield leather that is “biologically identical” to traditional types. Modern Meadow was founded in 2011 and is based in Nutley New Jersey.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1