M&A Deal Summary

LEO Pharma Acquires Timber Pharmaceuticals

On January 23, 2024, LEO Pharma acquired life science company Timber Pharmaceuticals

Acquisition Highlights
  • This is LEO Pharma’s 2nd transaction in the Life Science sector.
  • This is LEO Pharma’s 2nd transaction in the United States.
  • This is LEO Pharma’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2024-01-23
Target Timber Pharmaceuticals
Sector Life Science
Buyer(s) LEO Pharma
Deal Type Special Situations/Distressed

Target

Timber Pharmaceuticals

Basking Ridge, New Jersey, United States
Timber Pharmaceuticals is a specialty pharmaceutical company focused on developing prescription products utilizing its proprietary hyantX topical delivery system for dermatology indications. Timber Pharmaceuticals is based in Basking Ridge, New Jersey.

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Buyer(S) 1

Buyer

LEO Pharma

Ballerup, Denmark

Category Company
Founded 1908
Sector Life Science
Employees4,285
Revenue 1.4B EUR (2022)
DESCRIPTION

LEO Pharma engages in medical dermatology with a robust R&D pipeline, a wide range of therapies, and a pioneering spirit. LEO Pharma supports people in managing their skin conditions. LEO Pharma was founded in 1908 and is based in Ballerup, Denmark.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 2 of 2
Type: Special Situations/Distressed M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 LEO PDE4 Inhibitor

Ballerup, Denmark

LEO PDE4 Inhibitor compound series has the potential for the treatment of psoriasis and other immune-dermatological disorders.

Sell $200M