M&A Deal Summary

Relief Therapeutics Holding AG Acquires FirstString Research

On July 27, 2016, Relief Therapeutics Holding AG acquired life science company FirstString Research

Acquisition Highlights
  • This is Relief Therapeutics Holding AG’s 1st transaction in the Life Science sector.
  • This is Relief Therapeutics Holding AG’s 1st transaction in the United States.
  • This is Relief Therapeutics Holding AG’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2016-07-27
Target FirstString Research
Sector Life Science
Buyer(s) Relief Therapeutics Holding AG
Deal Type Add-on Acquisition

Target

FirstString Research

Mount Pleasant, South Carolina, United States
FirstString Research, Inc. is a clinical-stage biotechnology company. FirstString Research's lead drug candidate, Granexin® gel (aCT-1), is a novel, proprietary peptide mimetic of the C-terminus of connexin43, which has been shown to play a fundamental role in processes that are critical to wound healing.

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Buyer(S) 1

Buyer

Relief Therapeutics Holding AG

Zurich, Switzerland
Category Company
Founded 2013
Sector Life Science
DESCRIPTION

Relief Therapeutics Holding AG is a clinical-stage biotechnology company with a portfolio of drug candidates derived from natural human origins. Its two most promising drug candidates are aviptadil for the treatment of sarcoidosis (already in Phase III) and low dose interleukin-6 (atexakin alfa) for the treatment of peripheral diabetic neuropathy (already in Phase II).

DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 APR

Balerna, Switzerland

APR is a pharmaceutical company, identifying, developing, and commercializing known molecules engineered with drug delivery systems in niche and rare diseases on a global basis. The pipeline includes products at different stage of development concentrated in 3 selected therapeutic areas: inherited metabolic recessive diseases, cancer supportive care and skin rare diseases. APR was founded in 1990 and is based in Balerna, Switzerland.

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