M&A Deal Summary

Molecular Templates Acquires Threshold Pharmaceuticals

On March 17, 2017, Molecular Templates acquired life science company Threshold Pharmaceuticals from Alta Partners and Three Arch Partners

Acquisition Highlights
  • This is Molecular Templates’ 1st transaction in the Life Science sector.
  • This is Molecular Templates’ 1st transaction in the United States.
  • This is Molecular Templates’ 1st transaction in California.

M&A Deal Summary

Date 2017-03-17
Target Threshold Pharmaceuticals
Sector Life Science
Buyer(s) Molecular Templates
Sellers(s) Alta Partners
Three Arch Partners
Deal Type Merger
Advisor(s) Ladenburg Thalmann & Co. (Financial)
Cooley (Legal)

Target

Threshold Pharmaceuticals

South San Francisco, California, United States
Threshold Pharmaceuticals, Inc. is a biotechnology company focused on the discovery and development of small molecule therapeutics for the treatment of cancer.

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Buyer(S) 1

Buyer

Molecular Templates

Austin, Texas, United States

Category Company
Sector Life Science
Revenue 53M USD (2023)
DESCRIPTION

Molecular Templates is focused on the discovery, development, and commercialization of next-generation immunotoxins called Engineered Toxin Bodies (ETBs) for the treatment of cancers and other serious diseases. Molecular Templates is based in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 2

SELLER

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 79 of 85
Sector: Life Science M&A 61 of 65
Type: Merger M&A Deals 1 of 2
State: California M&A 37 of 41
Country: United States M&A 69 of 75
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 ZS Pharma

Coppell, Texas, United States

ZS Pharma, founded in 2008, is a privately held specialty pharmaceutical company based in Coppell, Texas and Menlo Park, CA. Our core focus is the research and development of highly selective ion-trap therapies to treat serious medical conditions.

Sell $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 DiscoveRx

Fremont, California, United States

DiscoveRx Corp. is an innovative company that develops, manufactures, and commercializes reagents, complete cell-based assay kits, profiling and screening services as well as other disruptive solutions for the drug discovery, screening, and life science markets. EFC technology is a proven, established screening platform in most major pharmaceutical companies. With over 900 stable cell lines, 4500 drug discovery assays and kits, and both custom and off-the shelf services, DiscoverX is one of the most trusted and utilized drug discovery portfolios in the world.

Sell -
SELLER

Three Arch Partners

San Mateo, California, United States

Category Private Equity Firm
Founded 1993
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Three Arch Partners is an investor in healthcare companies, including medical devices, diagnostics, and healthcare services. Three Arch primarily invests in early stage companies, however the Firm will consider select later stage investments. Three Arch typically invests alongside others and looks to commit $100k to $15 million per investment. Three Arch Partners was formed in 1993 and is based in San Mateo, California.


DEAL STATS #
Overall 24 of 24
Sector: Life Science M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: California M&A 17 of 17
Country: United States M&A 24 of 24
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Inova Labs

Austin, Texas, United States

Inova Labs, Inc. is a medical device company specializing in the development and commercialization of innovative oxygen therapy products.

Sell -