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  6. Quantum BioPharma Acquires Prismic Pharmaceuticals

M&A Deal Summary

Quantum BioPharma Acquires Prismic Pharmaceuticals

On April 23, 2019, Quantum BioPharma acquired life science company Prismic Pharmaceuticals for 18M USD

Acquisition Highlights
  • This is Quantum BioPharma’s 1st transaction in the Life Science sector.
  • This is Quantum BioPharma’s largest (disclosed) transaction.
  • This is Quantum BioPharma’s 1st transaction in the United States.
  • This is Quantum BioPharma’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-04-23
Target Prismic Pharmaceuticals
Sector Life Science
Buyer(s) Quantum BioPharma
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

Prismic Pharmaceuticals

Worcester, Massachusetts, United States
Prismic Pharmaceuticals, Inc. is a pharmaceutical company dedicated to addressing the opioid crisis by developing novel non-addictive prescription drugs for the treatment of pain, inflammation, and neurological disorders, based on formulations utilizing the company’s micro-PEA development platform (palmitoylethanolamide with particle sizes of 0.6 – 10 microns). Prismic Pharmaceuticals, Inc. was founded in 2011 and is based in Worcester, Massachusetts.

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Buyer(S) 1

Buyer

Quantum BioPharma

Toronto, Ontario, Canada
Category Company
Founded 1998
Sector Life Science
Employees9
DESCRIPTION

Quantum BioPharma is a licensed producer of marijuana under the Access to Cannabis for Medical Purposes Regulations (ACMPR) having received its cultivation license on October 13, 2017. Quantum BioPharma was founded in 1998 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 2
Sector: Life Science M&A 1 of 2
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: 2019 M&A 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Lucid Psycheceuticals

Toronto, Ontario, Canada

Lucid Psycheceuticals is a specialty psychedelic pharmaceutical company focused on the development of therapies to treat critical neurodegenerative diseases. The company's team is composed of highly specialized science experts focused on providing leading-edge small molecule therapeutics for total brain health. Lucid Psycheceuticals is based in Toronto, Ontario.

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