Add-on Acquisition • Life Science

Innoviva Acquires Entasis Therapeutics

On May 23, 2022, Innoviva acquired life science company Entasis Therapeutics for 113M USD

Acquisition Context
  • This is Innoviva’s 1st transaction in the Life Science sector.
  • This is Innoviva’s 2nd largest (disclosed) transaction.
  • This is Innoviva’s 1st transaction in the United States.
  • This is Innoviva’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date May 23, 2022
Target Entasis Therapeutics
Sector Life Science
Buyer(s) Innoviva
Deal Type Add-on Acquisition
Deal Value 113M USD
Advisor(s) MTS Health Partners (Financial)
Covington & Burling (Legal)

Target Company

Entasis Therapeutics

Waltham, Massachusetts, United States
Entasis Therapeutics is an advanced late-stage clinical biopharmaceutical company focused on the discovery, development and commercialization of targeted antibacterial products that address high unmet medical needs to treat serious infections caused by multidrug-resistant pathogens. Entasis Therapeutics was founded in 2015 and is based in Waltham, Massachusetts.
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Buyer Overview 1

Buyer

Innoviva

Burlingame, California, United States

Category Company
Founded 1996
Sector Life Science
Employees112
Revenue 359M USD (2024)
DESCRIPTION

Innoviva is a biopharmaceutical company with a pipeline of internally discovered product candidates and strategic collaborations with pharmaceutical companies. It is focused on the discovery, development, and commercialization of small-molecule medicines across several therapeutic areas, including respiratory disease, bacterial infections, and central nervous system (CNS)/pain. Innoviva was founded in 1996 and is based in Burlingame, California.


Deal Context for Buyer #
Overall 1 of 2
Sector: Life Science 1 of 2
Type: Add-on Acquisition 1 of 2
State: Massachusetts 1 of 2
Country: United States 1 of 2
Year: 2022 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Theravance Biopharma

South San Francisco, California, United States

Theravance Biopharma is a biopharmaceutical company with one approved product, VIBATIV® (telavancin), that was discovered and developed internally, a pipeline of internally discovered product candidates and strategic collaborations with pharmaceutical companies. Theravance Biopharma was founded in 2013 and is based in George Town, Caymen Islands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 La Jolla Pharmaceutical

Waltham, Massachusetts, United States

La Jolla Pharmaceutical is a biotechnology company involved in the development of therapeutics for lupus nephritis and other autoimmune diseases. La Jolla Pharmaceutical was founded in 1989 and is based in Waltham, Massachusetts.

Buy $149M