M&A Deal Summary

SillaJen Biotherapeutics Acquires Jennerex Biotherapeutics

On November 25, 2013, SillaJen Biotherapeutics acquired life science company Jennerex Biotherapeutics

Acquisition Highlights
  • This is SillaJen Biotherapeutics’ 1st transaction in the Life Science sector.
  • This is SillaJen Biotherapeutics’ 1st transaction in the United States.
  • This is SillaJen Biotherapeutics’ 1st transaction in California.

M&A Deal Summary

Date 2013-11-25
Target Jennerex Biotherapeutics
Sector Life Science
Buyer(s) SillaJen Biotherapeutics
Deal Type Add-on Acquisition
Advisor(s) Centerview Partners (Financial)
Gunderson Dettmer (Legal)

Target

Jennerex Biotherapeutics

San Francisco, California, United States
Jennerex is a clinical-stage biotechnology company focused on the development and commercialization of groundbreaking oncolytic immunotherapies for patients with life-threatening cancers. The company's lead product candidate, Pexa-Vec (JX-594), is in mid-stage clinical development for the treatment of advanced primary liver cancer, colorectal cancer, kidney cancer and ovarian cancer, and its next generation product candidate, JX-929, is under investigation for a variety of other solid tumors.

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Buyer(S) 1

Buyer

SillaJen Biotherapeutics

Busan, South Korea

Category Company
Founded 2006
Sector Life Science
DESCRIPTION

SillaJen Biotherapeutics is a specializing in the translational and clinical development of complex biologics. The SillaJen translational research, assay, and clinical research teams offer an array of services in a quality systems environment to bring investigational products from bench to bedside. Located on the campus of Pusan National University, the company is comprised of dedicated in-house teams that collaborate closely with a network of local and USA-based world-class scientists and physicians.


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: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1