Add-on Acquisition • Life Science

Kindeva Drug Delivery Acquires Summit Biosciences

On January 18, 2024, Kindeva Drug Delivery acquired life science company Summit Biosciences

Acquisition Context
  • This is Kindeva Drug Delivery’s 2nd transaction in the Life Science sector.
  • This is Kindeva Drug Delivery’s 2nd transaction in the United States.
  • This is Kindeva Drug Delivery’s 1st transaction in Kentucky.

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M&A Deal Summary

Date January 18, 2024
Target Summit Biosciences
Sector Life Science
Buyer(s) Kindeva Drug Delivery
Deal Type Add-on Acquisition
Advisor(s) Bourne Partners Investment Banking (Financial)
Frost Brown Todd (Legal)

Target Company

Summit Biosciences

Lexington, Kentucky, United States
Summit Biosciences is an intranasal drug-delivery contract development and manufacturing organization. Summit Biosciences was founded in 2009 and is based in Lexington, Kentucky.
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Buyer Overview 1

Buyer

Kindeva Drug Delivery

Woodbury, Minnesota, United States

Category Company
Sector Life Science
DESCRIPTION

Kindeva Drug Delivery engages in drug delivery that partners with pharmaceutical and biotech companies to develop and manufacture pharmaceutical products using its unique inhalation, transdermal, microneedle, or conventional drug delivery technologies. Kindeva Drug Delivery is based in Woodbury, Minnesota.


Deal Context for Buyer #
Overall 2 of 2
Sector: Life Science 2 of 2
Type: Add-on Acquisition 1 of 1
State: Kentucky 1 of 1
Country: United States 2 of 2
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-14 Meridian Medical Technologies

St. Louis, Missouri, United States

Meridian Medical Technologies designs, develops, manufactures and supplies on-the-scene emergency response treatments and health security solutions with a focus on complex drug-device combination products. Meridian Medical Technologies is based in St. Louis, Missouri.

Buy -