M&A Deal Summary

Secura Bio Acquires Novartis AG - Farydak

On March 12, 2019, Secura Bio acquired life science company Novartis AG - Farydak from Novartis

Acquisition Highlights
  • This is Secura Bio’s 1st transaction in the Life Science sector.
  • This is Secura Bio’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2019-03-12
Target Novartis AG - Farydak
Sector Life Science
Buyer(s) Secura Bio
Sellers(s) Novartis
Deal Type Divestiture

Target

Novartis AG - Farydak

Basel, Switzerland
Farydak is a histone deacetylase (HDAC) inhibitor that inhibits the enzymatic activity of HDACs at nanomolar concentrations. HDACs catalyze the removal of acetyl groups from the lysine residues of histones and some non-histone proteins. Inhibition of HDAC activity results in increased acetylation of histone proteins, an epigenetic alteration that results in a relaxing of chromatin, leading to transcriptional activation.

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Buyer(S) 1

Buyer

Secura Bio

Berkeley Heights, New Jersey, United States

Category Company
Founded 2019
Sector Life Science
DESCRIPTION

Secura Bio is a commercial-stage biopharmaceutical company that offers oncology therapies for physicians and their patients. Secura Bio was founded in 2019 and is based in Berkeley Heights, New Jersey.


DEAL STATS #
Overall 1 of 2
Sector: Life Science M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Switzerland M&A 1 of 1
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Verastem - COPIKTRA

Needham, Massachusetts, United States

Verastem's COPIKTRA (duvelisib) is an oral inhibitor of phosphoinositide 3-kinase (PI3K), and the first FDA-approved dual inhibitor of PI3K-delta and PI3K-gamma.

Buy $381M

Seller(S) 1

SELLER

Novartis

Basel, Switzerland

Category Company
Founded 1996
Sector Life Science
Employees104,323
Revenue 51.8B USD (2024)
DESCRIPTION
Novartis' corporate campus in Basel, Switzerland.
Novartis' corporate campus in Basel, Switzerland.

Novartis is a healthcare and pharmaceutical enterprise dedicated to advancing medical innovation and enhancing patient well-being. Renowned for its pioneering research and development efforts, Novartis has a comprehensive portfolio encompassing groundbreaking pharmaceuticals, generic medications, biosimilars, and eye care solutions. Novartis was founded in 1996 and is based in Basel, Switzerland.


DEAL STATS #
Overall 5 of 8
Sector: Life Science M&A 4 of 4
Type: Divestiture M&A Deals 4 of 7
Country: Switzerland M&A 3 of 6
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Endocyte

West Lafayette, Indiana, United States

Endocyte, Inc. is a biopharmaceutical company and leader in developing targeted therapies for the treatment of cancer. Endocyte uses drug conjugation technology to create novel therapeutics and companion imaging agents for personalized targeted therapies. The company’s agents actively target receptors that are over-expressed on diseased cells relative to healthy cells, such as prostate specific membrane antigen (PSMA) in prostate cancer. This targeted approach is designed to safely enable the delivery of highly potent drug payloads. The companion imaging agents are designed to identify patients whose disease over-expresses the target of the therapy and who are therefore more likely to benefit from treatment.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 IFM Tre

Boston, Massachusetts, United States

IFM Tre is a biopharmaceutical company developing a suite of small-molecule antagonists targeting inappropriate inflammatory responses of the innate immune system through the NLRP3 pathway, which is believed to underlie a variety of serious diseases. The Company is developing chemically distinct systemic, gut-directed and CNS-penetrant drug candidates to address a breadth of indications triggered by NLRP3, including metabolic, fibrotic, autoimmune, autoinflammatory, and neurological diseases.

Buy $1.6B