M&A Deal Summary

Sofregen Medical Acquires SERI Surgical Scaffold

On November 11, 2016, Sofregen Medical acquired life science company SERI Surgical Scaffold from Allergan

Acquisition Highlights
  • This is Sofregen Medical’s 1st transaction in the Life Science sector.
  • This is Sofregen Medical’s 1st transaction in the United States.
  • This is Sofregen Medical’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2016-11-11
Target SERI Surgical Scaffold
Sector Life Science
Buyer(s) Sofregen Medical
Sellers(s) Allergan
Deal Type Divestiture

Target

SERI Surgical Scaffold

Parsippany, New Jersey, United States
SERI Surgical Scaffold is a provider of silk based solutions to treat patients with soft-tissue defects.

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Buyer(S) 1

Buyer

Sofregen Medical

Framingham, Massachusetts, United States

Category Company
Founded 2014
Sector Life Science
DESCRIPTION

Sofregen Medical is a provider of silk, nature’s healing fiber, in a variety of forms to help physicians address soft tissue defects, giving patients a fresh start, restoring confidence, and improving quality of life. Sofregen Medical was founded in 2014 and is based in Framingham, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Allergan

Parsippany, New Jersey, United States

Category Company
Founded 1956
Sector Life Science
Employees31,200
Revenue 15.8B USD (2018)
DESCRIPTION

Allergan is an integrated specialty pharmaceutical company focused on developing, manufacturing and distributing generic, brand and biosimilar products. The Company was originally established in 1956 and is based in Parsippany, New Jersey.


DEAL STATS #
Overall 7 of 9
Sector: Life Science M&A 5 of 7
Type: Divestiture M&A Deals 7 of 9
State: New Jersey M&A 3 of 4
Country: United States M&A 7 of 8
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-27 Motus Therapeutics

Boston, United States

Motus Therapeutics, Inc. is a biopharmaceutical company developing peptide therapeutics for the treatment of gastrointestinal (GI) diseases.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-22 Chase Pharmaceuticals

Washington, District of Columbia, United States

Chase Pharmaceuticals Corporation, Inc. is a clinical-stage biopharmaceutical company focused on the development and commercialization of improved treatments for neurodegenerative disorders. Chase's development program, if successful, will profoundly improve the symptomatic treatment of Alzheimer's disease.

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