Divestiture • Life Science

Royalty Pharma Acquires Arteaus Therapeutics - Emgality Royalty

On April 1, 2019, Royalty Pharma acquired life science company Arteaus Therapeutics - Emgality Royalty from Arteaus Therapeutics for 260M USD

Acquisition Context
  • This is Royalty Pharma’s 2nd transaction in the Life Science sector.
  • This is Royalty Pharma’s 2nd largest (disclosed) transaction.
  • This is Royalty Pharma’s 2nd transaction in the United States.
  • This is Royalty Pharma’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date April 1, 2019
Target Arteaus Therapeutics - Emgality Royalty
Sector Life Science
Buyer(s) Royalty Pharma
Sellers(s) Arteaus Therapeutics
Deal Type Divestiture
Deal Value 260M USD

Target Company

Arteaus Therapeutics - Emgality Royalty

Cambridge, Massachusetts, United States
Arteaus Therapeutics LLC - Emgality Royalty is an at-home, once monthly self-injection for the preventative treatment of episodic and chronic migraine in adults.
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Buyer Overview 1

Buyer

Royalty Pharma

New York, New York, United States

Category Company
Founded 1996
Sector Business Services
Revenue 2.3B USD (2024)
DESCRIPTION

Royalty Pharma is a funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals, and not-for-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly - directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 45 commercial products, including AbbVie and J&J’s Imbruvica, Astellas and Pfizer’s Xtandi, Biogen’s Tysabri, Gilead’s HIV franchise, Merck’s Januvia, Novartis’ Promacta, and Vertex’s Kalydeco, Symdeko and Trikafta, and three development-stage product candidates. Royalty Pharma was formed in 1996 and is based in New York, New York.


Deal Context for Buyer #
Overall 2 of 3
Sector: Life Science 2 of 3
Type: Divestiture 2 of 3
State: Massachusetts 1 of 2
Country: United States 2 of 3
Year: 2019 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 TYSABRI

United States

TYSABRI (natalizumab) is a prescription medicine used to treat adults with relapsing forms of multiple sclerosis (MS) to slow the worsening of symptoms common in people with MS and to decrease the number of flare-ups (relapses). TYSABRI increases the risk of progressive multifocal leukoencephalopathy (PML). When starting and continuing treatment with TYSABRI, it is important to discuss with your doctor whether the expected benefit of TYSABRI is enough to outweigh this risk.

Buy $2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Dicerna - OXLUMO™

Lexington, Massachusetts, United States

Dicerna's OXLUMO has been approved by the U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA) for the treatment of primary hyperoxaluria (PH) type 1.

Buy $240M

Seller Profile 1

SELLER

Arteaus Therapeutics

Cambridge, Massachusetts, United States

Category Company
Sector Life Science
DESCRIPTION

Arteaus Therapeutics LLC is a biotechnology development company. Arteaus Therapeutics LLC is based in Cambridge, Massachusetts.


Deal Context for Seller #
Overall 1 of 1
Sector: Life Science 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1
Size (of disclosed) 1 of 1