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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-05-16 Inozyme Pharma
Life Science
Boston, Massachusetts
www.inozyme.com

Inozyme Pharma is a biopharmaceutical company specializing in the development of novel therapeutics to treat rare metabolic diseases. The company's lead product candidate is INZ-701, an enzyme replacement therapy (ERT) in the early stages of clinical development for the potential treatment of patients with a variety of calcification disorders linked primarily to mutations in the ENPP1 and ABCC6 genes, or ENPP1 Deficiency and ABCC6 Deficiency respectively. It has demonstrated proof of concept with INZ-701 in both GACI and ARHR2 two phenotypes of ENPP1 Deficiency. Inozyme Pharma was formed in 2015 and is based in Boston, Massachusetts.

Advisors: Goodwin Procter , Centerview Partners
Add-on Acquisition
Value

$270

BioMarin Pharmaceutical
Company
Life Science
San Rafael, California
www.biomarin.com

Advisors: Cooley , Goldman Sachs

-
Deal Link  
2025-05-14 NorthX Biologics
Life Science
Matfors, Sweden
www.nxbio.com

NorthX Biologics develops and manufactures advanced biologics. The Company provides process development and GMP manufacturing services with expertise in plasmid DNA, mRNA, proteins, cell therapy and other advanced biologics. NorthX Biologics was founded in 1992 and is based in Matfors, Sweden.

Advisor: Setterwalls Advokatbyrå AB
Growth Capital

Signet Healthcare Partners
Investor
Growth Capital Firm
New York,
www.signethealthcarepartners.com

Advisors: Advokatfirman Delphi , Sheppard Mullin Richter & Hampton

-
Deal Article Deal Link  
2025-05-13 Granata Bio
Life Science
Duxbury, Massachusetts
www.granata.bio

Granata Bio is a U.S.-based biopharmaceutical company dedicated to advancing innovation in women's health and infertility. Granata Bio's pipeline includes a range of fertility therapies, with collaborations spanning multiple drug classes to address unmet needs in reproductive medicine. Granata Bio was formed in 2018 and is based in Duxbury, Massachusetts.

Stake Purchase

Gedeon Richter
Company
Life Science

www.gedeonrichter.com

-
Deal Article Deal Link  
2025-05-13 NIC
Life Science

NIC is a clinical stage drug development company.

Add-on Acquisition

Algernon Pharmaceuticals
Company
Life Science
Vancouver, British Columbia
www.algernonpharmaceuticals.com

-
2025-05-12 Bactana
Life Science
Farmington, Connecticut
www.bactana.com

Bactana is a research-driven company specializing in advancements in intestinal health and fermentation technology. The company has patented the use of a select group of microbes that manipulate the microbial ecology of animals to enhance the interaction of the microbiome, immune system, and metabolism (immunometabolism). It creates therapies for pets to treat metabolic conditions and digestive disorders, while also developing sustainable products for use in livestock production that reduce natural resource utilization, greenhouse gas emissions, and antibiotic usage. Bactana is based in Farmington, Connecticut.

Add-on Acquisition

Kemin Industries, Inc.
Company
Life Science
Des Moines, Iowa
www.kemin.com

-
Deal Article Deal Link  
2025-05-07 CARE
Life Science
Gainesville, Georgia
www.carega.net

CARE is a multi-therapeutic research facility dedicated to advancing innovation in healthcare through conducting phase I-IV clinical trials. CARE was founded in 1998 and is based in Gainesville, Georgia.

Add-on Acquisition

Flourish Research
Company
Healthcare Services
Apex, North Carolina
www.flourishresearch.com

-
Deal Article Deal Link  
2025-05-06 Lantheus Medical Imaging - SPECT Business
Life Science
Massachusetts

Lantheus Medical Imaging's SPECT Business product portfolio includes imaging agents for the heart, lung, thyroid, bladder and more.

Divestiture

SHINE Technologies
Company
Life Science
Janesville, Wisconsin
www.shinefusion.com

Lantheus Medical Imaging
Company
Medical Products
Bedford, Massachusetts
www.lantheus.com

Deal Article Deal Link  
2025-05-05 Previse
Life Science
Halethorpe, Maryland
www.previsedx.com

Previse is a gastrointestinal health company with a primary focus on chronic acid reflux-related diseases, including esophageal cancer. Previse is based in Halethorpe, Maryland.

Add-on Acquisition

Castle Biosciences
Company
Healthcare Services
Friendswood, Texas
www.castlebiosciences.com

-
Deal Article Deal Link  
2025-05-01 BioChain
Life Science
Newark, California
www.biochain.com

BioChain is a provider of biospecimen collection, preparation, and analysis. BioChain was formed in 1994 and is headquartered in Newark, California.

Add-on Acquisition

CellBio Scientific
Company
Life Science
San Diego, California
www.cellbiolabs.com

-
Deal Article Deal Link  
2025-05-01 Houston Research Institute
Life Science
Houston, Texas
www.houstonresearchinstitute.com

Houston Research Institute is a clinical practice and research institute. The company provide specialized diagnostics, evaluation, treatment and clinical trial options for patients with fatty liver disease , other liver conditions, CVD and Obesity. Houston Research Institute is based in Houston, Texas.

Add-on Acquisition

Summit Clinical Research
Company
Life Science
San Antonio, Texas
www.summitclinicalresearch.com

-
Deal Article Deal Link  
2025-05-01 Kronos Bio
Life Science
San Mateo, California
www.kronosbio.com

Kronos Bio is a clinical-stage biopharmaceutical company dedicated to the discovery and development of novel cancer therapeutics designed to transform patient outcomes by targeting dysregulated transcription. Kronos Bio was founded in 2017 and is based in San Mateo, California.

Revenue (mlns) 10 USD
Advisors: Goodwin Procter , Gibson, Dunn & Crutcher , Leerink Partners
Merger
Value

$35

3.6x Revenue

Concentra Biosciences
Company
Life Science
San Diego, California
www.concentrabiosciences.com

-
Deal Article Deal Link  
2025-04-30 Regulus Therapeutics
Life Science
San Diego, California
www.regulusrx.com

Regulus Therapeutics is a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs. Regulus Therapeutics was founded in 2007 and is based in San Diego, California.

Advisors: Latham & Watkins , Evercore Group
Merger
Value

$800

Novartis
Company
Life Science
Basel, Switzerland
www.novartis.com

-
Deal Article Deal Link  
2025-04-30 Vellon Space
Life Science
Bangalore, India
www.vellon.in

Vellon Space is a space technology startup pioneering unmanned space laboratory capabilities for the Indian ecosystem. With early collaborations with ISRO, IITs, and leading Indian research institutions, Vellon focuses on advancing biomanufacturing in space and contributing to India’s growing ambitions in space science, including ISRO’s planned Bharatiya Antariksha Station. Vellon Space was founded in 2020 and is based in Bangalore, Karnataka.

Add-on Acquisition

Helogen
Company
Life Science
New York, New York
www.helogen.com

-
Deal Article Deal Link  
2025-04-29 Oviva Therapeutics
Life Science
New York, New York
www.ovivatx.com

Oviva Therapeutics improves women's experience of aging through biomedical research, development, and advocacy. The company addresses the need in women's health by expanding funding, research, and clinical development, and is currently developing first-in-class therapeutics to improve ovarian function and consequently extend female healthspan. Oviva Therapeutics is based in New York City.

Add-on Acquisition

Granata Bio
Company
Life Science
Duxbury, Massachusetts
www.granata.bio

-
Deal Article Deal Link  
2025-04-28 SpringWorks Therapeutics
Life Science
Stamford, Connecticut
www.springworkstx.com

SpringWorks Therapeutics is a clinical-stage biopharmaceutical company focused on developing life-changing medicines for patients with severe rare diseases and cancer. SpringWorks Therapeutics was founded in 2017 and is based in Stamford, Connecticut.

Revenue (mlns) 192 USD
Advisors: Goodwin Procter , Goldman Sachs , Centerview Partners
Add-on Acquisition
Value

$3,900

20.3x Revenue

Merck
Company
Diversified
Darmstadt, Germany
www.merckgroup.com

Advisors: Sullivan & Cromwell , J.P. Morgan Securities

-
Deal Article Deal Link  
2025-04-24 Althea
Life Science
San Diego, California
www.altheacmo.com

Althea is a fully integrated, contract development and manufacturing organization providing clinical and commercial product development services. The company offers cGMP drug product filling in both vials and syringes, and production of microbial-derived recombinant proteins and plasmid DNA. In conjunction with these manufacturing operations, Althea offers comprehensive development services including: upstream and downstream process development, analytical development, complex formulation, product release, and ICH-compliant stability testing. Its formulation technology platform includes Crystalomics, a proprietary technology that offers a formulation solution for large molecule products that must be delivered at high concentrations or as sustained release formulations. Althea is based in San Diego, California.

Divestiture

PCI Pharma Services
Company
Life Science
Philadelphia, Pennsylvania
www.pci.com

Ajinomoto
Company
Food
Tokyo, Japan
www.ajinomoto.com/en

Deal Article Deal Link  
Avg $1,705
56.1x EBITDA
40.1x REVENUE

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