M&A Deal Summary

Sucampo Pharmaceuticals Acquires Vtesse

On April 3, 2017, Sucampo Pharmaceuticals acquired life science company Vtesse from Bay City Capital for 200M USD

Acquisition Highlights
  • This is Sucampo Pharmaceuticals’ 2nd transaction in the Life Science sector.
  • This is Sucampo Pharmaceuticals’ 2nd largest (disclosed) transaction.
  • This is Sucampo Pharmaceuticals’ 1st transaction in the United States.
  • This is Sucampo Pharmaceuticals’ 1st transaction in Maryland.

M&A Deal Summary

Date 2017-04-03
Target Vtesse
Sector Life Science
Buyer(s) Sucampo Pharmaceuticals
Sellers(s) Bay City Capital
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) Leerink Partners (Financial)
Wilmer Cutler Pickering Hale and Dorr (Legal)

Target

Vtesse

Gaithersburg, Maryland, United States
Vtesse, Inc. is a disease company focused on developing drugs for patients suffering from diseases that are under-served. Vtesse is based in Gaithersburg, Maryland.

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Buyer(S) 1

Buyer

Sucampo Pharmaceuticals

Bethesda, Maryland, United States

Category Company
Founded 1996
Sector Life Science
Employees80
Revenue 115M USD (2014)
DESCRIPTION

Sucampo Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of highly specialized medicines. Sucampo has a late-stage pipeline of product candidates in clinical development for orphan disease areas, including VTS-270, a mixture of 2-hydroxypropyl-B-cyclodextrins with a specific compositional fingerprint that has been granted orphan designation in the U.S. and Europe and is in a pivotal Phase 2/3 clinical trial for the treatment of Niemann-Pick Disease Type C, a rare progressive genetic disorder. VTS-270 has also been granted breakthrough therapy designation in the U.S. Sucampo has an exclusive option for the North American rights to CPP-1X/sulindac, which is in Phase 3 development for the treatment of familial adenomatous polyposis and has been granted orphan drug designation in the U.S. The company has two marketed products – AMITIZA and RESCULA.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 R-Tech Ueno

Tokyo, Japan

R-Tech Ueno Ltd. is a bio pharmaceutical company.

Buy $275M

Seller(S) 1

SELLER

Bay City Capital

San Rafael, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bay City Capital LLC was established in 1997 as an equal partnership between The Craves Group and certain Pritzker family business interests for the purpose of managing investment funds in the life sciences industry. Bay City looks for opportunities at all stages of development in biopharmaceuticals, drug discovery, medical devices and diagnostics. Bay City Capital is based in San Francisco, California.


DEAL STATS #
Overall 56 of 63
Sector: Life Science M&A 39 of 46
Type: Add-on Acquisition M&A Deals 29 of 31
State: Maryland M&A 1 of 1
Country: United States M&A 53 of 60
Year: 2017 M&A 1 of 3
Size (of disclosed) 10 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-20 Merus

Utrecht, Netherlands

Merus BV is a fully-integrated biotechnology company developing cancer therapeutics that combine the benefits of monoclonal antibodies with the ability of simultaneously addressing multiple targets. Merus was founded in 2003 and is based in Utercht, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 SynGen

Sacramento, California, United States

SynGen, Inc. is a developer of products that utilize single-use sterile plastic cartridge disposables mated to dedicated, highly automated electromechanical medical devices to isolate and capture stem and progenitor cells from peripheral and umbilical cord blood, bone marrow, and adipose tissue. SynGen, Inc. was founded in 2007 and is based in Sacramento, California.

Sell -