M&A Deal Summary

Tenax Acquires PH Precision Med

On January 19, 2021, Tenax acquired life science company PH Precision Med

Acquisition Highlights
  • This is Tenax’s 1st transaction in the Life Science sector.
  • This is Tenax’s 1st transaction in the United States.

M&A Deal Summary

Date 2021-01-19
Target PH Precision Med
Sector Life Science
Buyer(s) Tenax
Deal Type Add-on Acquisition

Target

PH Precision Med

United States
PH Precision Med is a clinical-stage biotech company focused on developing imatinib for the treatment of pulmonary arterial hypertension (PAH).

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Buyer(S) 1

Buyer

Tenax

Chapel Hill, North Carolina, United States

Category Company
Founded 1967
Sector Life Science
Employees4
Revenue 8M USD (2023)
DESCRIPTION

Tenax is a pharmaceutical company that focuses on identifying, developing, and commercializing products for cardiovascular and pulmonary diseases in the United States and Canada. Tenax focuses on the development and commercialization of pharmaceutical products containing levosimendan, a 2.5 mg/ml concentrate for solution for infusion/5ml vial for use in the reduction of morbidity and mortality in cardiac surgery patients at risk for developing low cardiac output syndrome. Tenax was founded in 1967 and is based in Chapel Hill, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1