M&A Deal Summary

Rein Therapeutics Acquires Lung Tx

On October 31, 2023, Rein Therapeutics acquired life science company Lung Tx

Acquisition Highlights
  • This is Rein Therapeutics’ 1st transaction in the Life Science sector.
  • This is Rein Therapeutics’ 1st transaction in the United States.
  • This is Rein Therapeutics’ 1st transaction in Texas.

M&A Deal Summary

Date 2023-10-31
Target Lung Tx
Sector Life Science
Buyer(s) Rein Therapeutics
Deal Type Add-on Acquisition
Advisor(s) Cozen O'Connor (Legal)

Target

Lung Tx

Austin, Texas, United States
Lung Tx is a privately held biopharmaceutical company focused on developing novel therapies for the treatment of orphan pulmonary and fibrosis indications that have no approved or limited effective treatments. Lung Tx is based in Texas, Austin.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Rein Therapeutics

Austin, Texas, United States

Category Company
Founded 2001
Sector Life Science
Employees11
Revenue 15M USD (2023)
DESCRIPTION

Rein Therapeutics is focused on advancing a pipeline of first-in-class medicines to address significant unmet medical needs in orphan pulmonary and fibrosis indications. The company's lead product candidate, LTI-03, is in a Phase 1b clinical trial for the treatment of idiopathic pulmonary fibrosis. LTI-03 is a novel, synthetic peptide with a dual mechanism targeting alveolar epithelial cell survival as well as inhibition of profibrotic signaling. Its second product candidate, LTI-01, is a proenzyme that has completed Phase 1b and Phase 2a clinical trials for the treatment of loculated pleural effusions. LTI-01 has received Orphan Drug Designation in the US and EU and Fast Track Designation in the US. Rein Therapeutics was founded in 2001 and is based in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1