Investment Summary

Frazier Healthcare Partners, HBM Partners and OrbiMed Advisors Exits Arcutis

On January 30, 2020, invested in life science company Arcutis from Frazier Healthcare Partners, HBM Partners and OrbiMed Advisors

Investment Highlights
  • This is transaction in the Life Science sector.
  • This is transaction in the United States.
  • This is transaction in California.

Investment Summary

Date 2020-01-30
Target Arcutis
Sector Life Science
Sellers(s) Frazier Healthcare Partners
HBM Partners
OrbiMed Advisors
Deal Type IPO

Target

Arcutis

Westlake Village, California, United States
Arcutis is focused on developing topical medicines for the treatment of skin diseases. The company’s lead program, ARQ-151, is a topical formulation of roflumilast that is currently in Phase 2 studies for the treatment of plaque psoriasis and atopic dermatitis. The company’s second program, ARQ-250, is a topical JAK1-inhibitor in preclinical development for the treatment of various autoimmune diseases affecting the skin. Arcutis was founded in 2016 and is based in Westlake Village, California.

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Seller(S) 3

SELLER

Frazier Healthcare Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1991
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.


DEAL STATS #
Overall 17 of 29
Sector: Life Science M&A 4 of 10
Type: IPO M&A Deals 2 of 5
State: California M&A 6 of 9
Country: United States M&A 17 of 29
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-24 Eptam Precision Solutions

Northfield, New Hampshire, United States

Eptam Plastics, Inc. is a provider of a comprehensive suite of machining and injection molding solutions through three manufacturing centers of excellence in Colorado, New Jersey, and New Hampshire. Eptam Plastics was founded in 1981 and is based in Northfield, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 Passage Bio

Philadelphia, Pennsylvania, United States

Passage Bio is a fully-integrated genetic medicines company developing life-transforming AAV-delivered in vivo therapeutics for the treatment of rare CNS diseases. Passage Bio was founded in 2018 and is based in Philadelphia, Pennsylvania.

Sell -
SELLER

HBM Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.1B USD
Size Large
Type Sector Focused
DESCRIPTION

HBM Partners is a private investment firm focused on investing in entrepreneurial biopharma and other healthcare-related companies in Europe, North America, India and other Emerging Markets. HBM looks to invest $5 to $50 million per transaction and will consider private and public companies. HBM Partners was established in 2001 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 10 of 38
Sector: Life Science M&A 10 of 34
Type: IPO M&A Deals 10 of 29
State: California M&A 1 of 9
Country: United States M&A 8 of 27
Year: 2020 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 Galera Therapeutics

Malvern, Pennsylvania, United States

Galera Therapeutics develops novel therapeutics that reduce severe side effects of radiation therapy in cancer patients. The lead molecule GC4419 has demonstrated efficacy in a phase IIb study in patients with head and neck cancer and has been granted Fast Track and Breakthrough Therapy designations by the U.S. FDA. Galera Therapeutics was founded in 2012 and is based in Malvern, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 ALX Oncology

San Francisco, California, United States

ALX Oncology is a clinical-stage immuno-oncology company developing therapies that block the CD47 checkpoint mechanism, which is exploited by cancer cells to evade the immune system. ALX Oncology was formed in 2015 and is based in San Francisco, California.

Buy -
SELLER

OrbiMed Advisors

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B USD
Size Large
Type Sector Focused
DESCRIPTION

OrbiMed Advisors is a global healthcare centric investment firm that invests in medical device, life science, healthcare service, and medical diagnostic companies. OrbiMed maintains three investment disciplines including Public Equity, Private Equity, and Royalty Opportunities. OrbiMed's Public Equity group manages a series of public equity funds, including long/short event-driven funds and closed-end investment trusts that invests across all types of publicly-traded companies, from biopharmaceuticals to medical devices and healthcare services worldwide. OrbiMed's Private Equity group invests in start-ups through growth equity financings. OrbiMed prefers to be the lead investor and will consider opportunities across North America, Asia, Europe and Israel. OrbiMed's Royalty practice provides commercial-stage healthcare companies with non-dilutive structured debt capital. OrbiMed was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 4 of 4
Sector: Life Science M&A 3 of 3
Type: IPO M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 GENEWIZ

South Plainfield, New Jersey, United States

GENEWIZ, Inc. is a provider of R&D genomics services that enable research scientists within pharmaceutical, biotechnology, agriculture, environmental and clean energy, academic, and government institutions to advance their discoveries. GENEWIZ, Inc. was founded in 1999 and is based in South Plainfield, New Jersey.

Sell $450M