Stake Purchase • Life Science

Vivo Capital, OrbiMed Advisors and Enavate Sciences Invest In Compass Therapeutics

On November 2, 2022, growth capital firm Vivo Capital, private equity firm OrbiMed Advisors and Enavate Sciences invested in life science company Compass Therapeutics

Investment Context
  • This is Vivo Capital’s 18th, OrbiMed Advisors’ 4th and Enavate Sciences’ 1st transaction in the Life Science sector.
  • This is Vivo Capital’s 2nd, OrbiMed Advisors’ 1st and Enavate Sciences’ 1st transaction in the United Kingdom.

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Investment Summary

Date November 2, 2022
Target Compass Therapeutics
Sector Life Science
Investor(s) Vivo Capital
OrbiMed Advisors
Enavate Sciences
Deal Type Stake Purchase

Target Company

Compass Therapeutics

Boston, United Kingdom
Compass Therapeutics is a clinical-stage biopharmaceutical company developing proprietary antibody therapeutics to treat both solid tumors and hematologic malignancies. Compass is leveraging its proprietary StitchMabs™ and common light-chain-based multispecific platforms to empirically identify multispecific and combinations of antibody therapeutics that synergistically modulate key nodes in the immune system. Compass Therapeutics was incorporated in 2014 and is based in Boston, Massachusetts.
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Investors Overview 3

Investor

Vivo Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1996
PE ASSETS 5.3B USD
Size Mega
Type Sector Focused
DESCRIPTION

Vivo Capital is a healthcare investment firm focused on opportunities throughout the US and China. Specific areas of interest include biopharmaceuticals, specialty pharmaceuticals, and medical devices. The Firm looks to identify and work with companies at the development and commercial stage products in the US and at the revenue stage in China. Vivo Capital was established in 1996 and is headquartered in Palo Alto, California.


Deal Context for Investor #
Overall 28 of 29
Sector: Life Science 18 of 18
Type: Stake Purchase 4 of 5
Country: United Kingdom 2 of 3
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Visirna Therapeutics

Shanghai, China

Visirna Therapeutics is a small nucleic acid drug therapy company. Visirna Therapeutics was founded in 2022 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Compass Pathways

London, United Kingdom

Compass Pathways is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Compass Pathways was founded in 2020 and is based in London, United Kingdom.

Buy -
Investor

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 Context for Investor #
Overall 6 of 6
Sector: Life Science 4 of 4
Type: Stake Purchase 2 of 2
Country: United Kingdom 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 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.

Sell -
Investor

Enavate Sciences

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

Enavate Sciences is a platform dedicated to supporting therapeutic companies advancing medicines and enabling technologies with transformative potential to address patient need. Through the application of capital support and operational experience, Enavate strives to enable and empower a diverse portfolio of therapeutics companies to accelerate innovation. Enavate Sciences is based in New York, New York.


Deal Context for Investor #
Overall 1 of 1
Sector: Life Science 1 of 1
Type: Stake Purchase 1 of 1
Country: United Kingdom 1 of 1
Year: 2022 1 of 1