M&A Deal Summary

Proove Biosciences Acquires Algynomics

On May 5, 2016, Proove Biosciences acquired life science company Algynomics

Acquisition Highlights
  • This is Proove Biosciences’ 1st transaction in the Life Science sector.
  • This is Proove Biosciences’ 1st transaction in the United States.
  • This is Proove Biosciences’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-05-05
Target Algynomics
Sector Life Science
Buyer(s) Proove Biosciences
Deal Type Add-on Acquisition

Target

Algynomics

Chapel Hill, North Carolina, United States
Algynomics, Inc. is a research stage pain diagnostics company. Algynomics platform and its patient cohorts provide researchers with prospective data to identify individuals at increased risk for the development of chronic pain, which will allow targeted preventive efforts, enhance patient stratification in clinical trials to identify treatment responders, produce more sensitive inclusion/exclusion criteria for trial enrollment, and develop algorithms to tailor treatment for pain, enhancing outcomes and reducing adverse effects.

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Buyer(S) 1

Buyer

Proove Biosciences

Irvine, California, United States

Category Company
Founded 2009
Sector Life Science
DESCRIPTION

Proove Biosciences, Inc. is a commercial and research provider in personalized medicine. Proove has a portfolio of patent-protected genetic tests that help physicians answer some of their most important concerns to improve care and reduce costs.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1