Add-on Acquisition • Life Science

Kiora Pharmaceuticals Acquires Bayon

On July 26, 2021, Kiora Pharmaceuticals acquired life science company Bayon

Acquisition Context
  • This is Kiora Pharmaceuticals’ 2nd transaction in the Life Science sector.
  • This is Kiora Pharmaceuticals’ 2nd transaction in the United States.
  • This is Kiora Pharmaceuticals’ 1st transaction in California.

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M&A Deal Summary

Date July 26, 2021
Target Bayon
Sector Life Science
Buyer(s) Kiora Pharmaceuticals
Deal Type Add-on Acquisition

Target Company

Bayon

San Diego, California, United States
Bayon is an ophthalmic specialty pharmaceutical company focused on developing light sensitive small molecules. These photoswitches are specifically designed to restore the eyes’ ability to perceive and interpret vision in visually-impaired patients. Bayon’s lead candidate, a small molecule known as “BENAQ”, selectively enters viable downstream retinal ganglion cells (no longer receiving input from degenerated rods and cones) and turns them into light sensing cells, capable of signaling the brain as to the presence or absence of light. BENAQ, the company’s lead photoswitch, is entering the clinic with an initial focus in patients with later stages of disease progression due to Retinitis Pigmentosa (all sub-forms). Bayon plans to further develop the platform for use in patients with Geographic Atrophy, the later stages of Age-Related Macular Degeneration (dry AMD).
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Buyer Overview 1

Buyer

Kiora Pharmaceuticals

Encinitas, California, United States

Category Company
Founded 1998
Sector Life Science
Employees12
Revenue 16M USD (2024)
DESCRIPTION

Kiora Pharmaceuticals is a clinical-stage specialty pharmaceutical company that is focused on developing and commercializing therapeutics and drug delivery systems for treating diseases of the eye. Kiora Pharmaceuticals was founded in 1998 and is based in Encinitas, California.


Deal Context for Buyer #
Overall 3 of 3
Sector: Life Science 2 of 2
Type: Add-on Acquisition 3 of 3
State: California 1 of 1
Country: United States 2 of 2
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Panoptes Pharma GES.M.B.H

Wien, Austria

Panoptes Pharma GES.M.B.H is a clinical stage biotech company focused on developing a novel proprietary small molecule for the treatment of severe eye diseases with a high unmet medical need. Panoptes Pharma was founded in 2013 and is based in Wien, Austria.

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