Add-on Acquisition • Life Science

Revolution Medicines Acquires EQRx

On August 1, 2023, Revolution Medicines acquired life science company EQRx

Acquisition Context
  • This is Revolution Medicines’ 2nd transaction in the Life Science sector.
  • This is Revolution Medicines’ 2nd transaction in the United States.
  • This is Revolution Medicines’ 2nd transaction in Massachusetts.

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M&A Deal Summary

Date August 1, 2023
Target EQRx
Sector Life Science
Buyer(s) Revolution Medicines
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs
MTS Health Partners (Financial)
Goodwin Procter (Legal)

Target Company

EQRx

Cambridge, Massachusetts, United States
EQRx is a biopharmaceutical company committed to developing and commercializing innovative medicines for some of the most prevalent disease areas. EQRx is based in Cambridge, Massachusetts.
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Buyer Overview 1

Buyer

Revolution Medicines

Redwood City, California, United States

Category Company
Founded 2014
Sector Life Science
Employees616
Revenue 11M USD (2023)
DESCRIPTION

Revolution Medicines is a developer of new drugs directed toward frontier oncology targets for cancer patients. Frontier targets include proteins that drive the growth and survival of cancer but carry a typical structural or regulatory features requiring unconventional drug discovery strategies. Revolution Medicines was founded in 2014 and is based in Redwood City, California.


Deal Context for Buyer #
Overall 2 of 2
Sector: Life Science 2 of 2
Type: Add-on Acquisition 2 of 2
State: Massachusetts 2 of 2
Country: United States 2 of 2
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Warp Drive Bio

Cambridge, Massachusetts, United States

Warp Drive Bio, Inc. is a developer of drug modality (SMART™) based on the molecular design and optimization of compounds to engage surfaces on disease-causing proteins that were previously viewed as undruggable. Warp Drive Bio, Inc. is based in Cambridge, Massachusetts.

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