M&A Deal Summary

MindMed Acquires Savant HWP - 18-MC Drug

On September 16, 2019, MindMed acquired life science company Savant HWP - 18-MC Drug from Savant HWP

Acquisition Highlights
  • This is MindMed’s 1st transaction in the Life Science sector.
  • This is MindMed’s 1st transaction in the United States.
  • This is MindMed’s 1st transaction in Nevada.

M&A Deal Summary
Date 2019-09-16
Target Savant HWP - 18-MC Drug
Sector Life Science
Buyer(s) MindMed
Sellers(s) Savant HWP
Deal Type Divestiture

Target

Savant HWP - 18-MC Drug

Reno, Nevada, United States
Savant HWP, Inc. - 18-MC Drug is based on the natural psychedelic substance ibogaine and is focused on addressing the opioid crisis and other forms of addiction. Historically, ibogaine has been successful in treating mostly heroin addicts. 18-MC has been synthesized to be non-hallucinogenic while maintaining ibogaine's anti-addictive properties.

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Buyer(S) 1

Buyer

MindMed

Vancouver, New York, United States
Category Company
Sector Life Science
Employees41
DESCRIPTION

MindMed is a psychedelic medicine biotech company that discovers, develops, and deploys psychedelic-inspired medicines and therapies to address addiction and mental illness. The company is assembling a compelling drug development pipeline of innovative treatments based on psychedelic substances including Psilocybin, LSD, MDMA, DMT, and an Ibogaine derivative, 18-MC. MindMed is based in New York, New York.

DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 HealthMode

San Francisco, California, United States

HealthMode is a digital medicine and therapeutics startup that uses Artificial Intelligence (AI)-enabled digital measurement to increase the precision and speed of clinical research and patient monitoring. HealthMode was founded in 2017 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Savant HWP

Reno, Nevada, United States
Category Company
Founded 2009
Sector Life Science
DESCRIPTION

Savant HWP, Inc. develops pharmaceutical products that improve health, maintain wellness and prevent disease. Savant HWP, Inc. identify undervalued opportunities to create innovative products in areas where work has the greatest impact, including addiction medicine and neglected disease like leishmaniasis.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
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