M&A Deal Summary

Talphera Acquires Lowell Therapeutics

On November 15, 2021, Talphera acquired life science company Lowell Therapeutics for 33M USD

Acquisition Highlights
  • This is Talphera’s 1st transaction in the Life Science sector.
  • This is Talphera’s largest (disclosed) transaction.
  • This is Talphera’s 1st transaction in the United States.
  • This is Talphera’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-11-15
Target Lowell Therapeutics
Sector Life Science
Buyer(s) Talphera
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

Lowell Therapeutics

Lowell, Massachusetts, United States
Lowell Therapeutics is a privately held company developing Niyad, a regional anticoagulant for the dialysis circuit during continuous renal replacement therapy for acute kidney injury patients in the hospital. Niyad is being studied under an investigational device exemption, or IDE, and has received Breakthrough Device Designation status from the FDA. While not approved for commercial use in the U.S., the active drug component of Niyad, nafamostat, has been approved in Japan and South Korea as a regional anticoagulant for the dialysis circuit, disseminated intravascular coagulation, and acute pancreatitis. Niyad is a lyophilized formulation of nafamostat, a broad-spectrum, synthetic serine protease inhibitor, with anticoagulant, anti-inflammatory, and potential anti-viral activities. The second intended indication for Niyad is as a regional anticoagulant for the dialysis circuit for chronic kidney disease patients undergoing intermittent hemodialysis in dialysis centers. LTX-608 is Lowell's proprietary nafamostat formulation for direct IV infusion being developed for the treatment of acute respiratory distress syndrome (ARDS) and disseminated intravascular coagulation (DIC). Lowell Therapeutics is based in Lowell, Massachusetts.

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Buyer(S) 1

Buyer

Talphera

San Mateo, California, United States

Category Company
Founded 2005
Sector Life Science
Employees15
Revenue 1M USD (2022)
DESCRIPTION

Talphera is a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of acute and breakthrough pain. Talphera was founded in 2005 and is headquartered in Hayward, California.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1