M&A Deal Summary

United Therapeutics Acquires Rare Pediatric Disease Priority Review Voucher

On December 28, 2020, United Therapeutics acquired life science company Rare Pediatric Disease Priority Review Voucher from AbbVie for 105M USD

Acquisition Highlights
  • This is United Therapeutics’ 1st transaction in the Life Science sector.
  • This is United Therapeutics’ 2nd largest (disclosed) transaction.
  • This is United Therapeutics’ 3rd transaction in the United States.

M&A Deal Summary

Date 2020-12-28
Target Rare Pediatric Disease Priority Review Voucher
Sector Life Science
Buyer(s) United Therapeutics
Sellers(s) AbbVie
Deal Type Divestiture
Deal Value 105M USD

Target

Rare Pediatric Disease Priority Review Voucher

United States
Rare Pediatric Disease Priority Review Voucher (PPRV) is a provider of biotechnology services.

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Buyer(S) 1

Buyer

United Therapeutics

Silver Spring, Maryland, United States

website


Category Company
Founded 1996
Sector Medical Products
Employees950
Revenue 1.9B USD (2022)
DESCRIPTION

United Therapeutics is a biotechnology company focused on the development and commercialization of unique products to address the unmet medical needs of patients with chronic and life-threatening conditions. United Therapeutics was founded in 1996 and is based in Silver Spring, Maryland.


DEAL STATS #
Overall 3 of 4
Sector (Life Science) 1 of 2
Type (Divestiture) 1 of 1
Country (United States) 3 of 4
Year (2020) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-30 SteadyMed

San Ramon, California, United States

SteadyMed Ltd. is a specialty pharmaceutical company focused on the development of drug products to treat orphan and high value diseases with unmet parenteral delivery needs. The company's lead drug product candidate is Trevyent, a development-stage drug-device combination product that combines SteadyMed's PatchPump technology with treprostinil, a vasodilatory prostacyclin analogue to treat PAH. SteadyMed has signed an exclusive license and supply agreement with Cardiome Pharma Corp.

Buy $216M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Miromatrix

Eden Prairie, Minnesota, United States

Miromatrix is a life sciences company pioneering a novel technology for bioengineering fully transplantable human organs to help save and improve patients’ lives. Miromatrix Medical has developed a proprietary perfusion technology platform for bioengineering organs that it believes will efficiently scale to address the shortage of available human organs. Miromatrix was founded in 2009 and is headquartered in Eden Prairie, Minnesota.

Buy $91M

Seller(S) 1

SELLER

AbbVie

North Chicago, Illinois, United States

website


Category Company
Founded 2012
Sector Life Science
Employees50,000
Revenue 58.1B USD (2022)
DESCRIPTION
Entrance to Abbvie's office in Lake Forest, Illinois.
Entrance to Abbvie's office in Lake Forest, Illinois.

AbbVie is a global, research-based biopharmaceutical company. AbbVie develops and markets advanced therapies that address complex and serious diseases. AbbVie's products are focused on treating conditions such as chronic autoimmune diseases, including rheumatoid arthritis, psoriasis, and Crohn's disease; low testosterone; HIV; endometriosis; thyroid disease; Parkinson's disease; and complications associated with chronic kidney disease and cystic fibrosis, among other health conditions. AbbVie was founded in 2012 and is based in North Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Mavupharma

Kirkland, Washington, United States

Mavupharma is a biopharmaceutical company focused on novel approaches to target the STING (STimulator of INterferon Genes) pathway for the treatment of cancer. Mavupharma was founded in 2016 and is based in Kirkland, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Syndesi Therapeutics

Louvain-la-Neuve, Belgium

Syndesi Therapeutics is a clinical-stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. The company's unique molecules act pre-synaptically to enhance synaptic efficiency by positively modulating the function of synaptic vesicle protein 2A (SV2A), which plays a central role in regulating neurotransmission. It was created through a partnership between UCB Biopharma SRL and a syndicate of Belgian and international investors to further develop novel SV2A modulators that had been originally discovered by UCB. Syndesi Therapeutics was formed in 2017 and is based in Louvain-la-Neuve, Belgium.

Buy $1.0B