M&A Deal Summary

Northwest Biotherapeutics Acquires Flaskworks

On September 1, 2020, Northwest Biotherapeutics acquired medical products company Flaskworks for 4M USD

Acquisition Highlights
  • This is Northwest Biotherapeutics’ 1st transaction in the Medical Products sector.
  • This is Northwest Biotherapeutics’ largest (disclosed) transaction.
  • This is Northwest Biotherapeutics’ 1st transaction in the United States.
  • This is Northwest Biotherapeutics’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2020-09-01
Target Flaskworks
Sector Medical Products
Buyer(s) Northwest Biotherapeutics
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Flaskworks

Boston, Massachusetts, United States
Flaskworks LLC is a manufacturer of immune cell therapies (including T cell therapies and others). Flaskworks is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Northwest Biotherapeutics

Bethesda, Maryland, United States

Category Company
Sector Life Science
DESCRIPTION

Northwest Biotherapeutics, Inc. is a biotechnology company focused on developing personalized immunotherapy products designed to treat cancers more effectively than current treatments, without toxicities of the kind associated with chemotherapies, and on a cost-effective basis, in both North America and Europe.


DEAL STATS #
Overall 1 of 2
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-27 Advent Bioservices

Cambridge, United Kingdom

Advent Bioservices is a cell therapy Contract Development & Manufacturing Organisation (CDMO) that manages the development of a state-of-the-art facility for multiproduct Good Manufacturing Practice (GMP) production outside Sawston in Cambridgeshire, which will allow scale-up of current commercial production and initiate the provision of contract manufacturing services to meet the growing demand for such services in the UK. Advent Bioservices was formed in 2016 and is based in Cambridge, United Kingdom.

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