Mallinckrodt and Endo Agree to Combine in a Deal Valued at $6.7 Billion

Mallinckrodt and Endo Agree to Combine in a Deal Valued at $6.7 Billion

Mallinckrodt plc and Endo, Inc. announced that they have entered into a definitive agreement to combine in a stock and cash transaction. Mallinckrodt will continue as the holding company for the combined business, and Endo will become a wholly-owned subsidiary of Mallinckrodt. The transaction is expected to close in the second half of 2025. In this deal, the upfront purchase price is $80 million, representing the cash payment to Endo shareholders, while they also receive a 49.9% stake in the combined company, with Mallinckrodt shareholders holding 50.1%. The combined entity has an implied pro forma enterprise value of $6.7 billion. Endo is a diversified specialty pharmaceutical company... Read More »
Kelso Pharma Acquires Alturix Holdings 

Kelso Pharma Acquires Alturix Holdings 

On February 20, Kelso Pharma announced that it entered into an agreement to acquire Alturix Holdings for an undisclosed price.  Alturix Holdings is a pharmaceutical manufacturing company based in Milton Keynes, England. In 2020, Alturix was formed following the acquisition of two family-owned pharmaceutical businesses: HK Pharma and Atlantic Pharma.  Kelso Pharma is committed to bringing specialty medicines to the European healthcare markets. Kelso Pharma is backed by the healthcare specialist private equity investor Apposite Capital.  This is Kelso Pharma’s third acquisition and its first in 2025. In November 2023, it purchased Velit Biopharma, a biotechnology company and... Read More »
2025 Kicks off With Several Big Biopharma Deals

2025 Kicks off With Several Big Biopharma Deals

With the JP Morgan 43rd Annual Healthcare Conference underway in San Francisco this week, the Biotechnology and Pharmaceutical (Biopharma) sectors are seeing a flurry of activity. Many large-scale acquisitions and licensing agreements are being announced, setting the tone for an eventful year ahead in the industry. So far this year, 14 Biopharma deals have been announced (as of January 15, 2025). Deal values have reached $15.7 billion, a significant increase from the same period in recent years. During the same time frame in 2024, there were also 14 Biopharma deals announced, but their combined value was just $4 billion. Looking back to 2023, the first two weeks saw 17 Biopharma deals, but... Read More »
Immedica Acquires Marinus Pharmaceuticals for $151 Million 

Immedica Acquires Marinus Pharmaceuticals for $151 Million 

On December 30, Immedica Pharma announced that it acquired Marinus Pharmaceuticals, Inc. for approximately $151 million.   Immedica will acquire all the outstanding shares of Marinus common stock for a cash purchase price of $0.55 per share, representing a premium of 48% based on Marinus’ closing share price as of December 27th and a premium of 97%, based on the 30-day volume-weighted average price of $0.28 per share preceding the announcement of the transaction.   Marinus is a commercial-stage pharmaceutical company dedicated to the development of innovative therapeutics for seizure disorders. The Company’s product, ZTALMY® (ganaxolone) oral suspension CV, is an... Read More »
Celltrion Builds Out Foothold in Europe With iQone Healthcare Switzerland Acquisition

Celltrion Builds Out Foothold in Europe With iQone Healthcare Switzerland Acquisition

Celltrion announced its acquisition of iQone Healthcare Switzerland, strengthening its presence in Europe, driving growth and expanding access to its biosimilar treatments. iQone Healthcare Switzerland is an independent Swiss-based specialty pharmaceutical company dedicated to the commercialization of biosimilars and innovative treatments for rare diseases. Through its long-standing collaborations with several global pharmaceutical developers and manufacturers, iQone Healthcare provides a continually expanding selection of leading biosimilars and products to healthcare professionals and institutions in Switzerland. Celltrion is a leading biopharmaceutical company, specializing in the... Read More »
Kelso Pharma Acquires Alturix Holdings 

DRI Healthcare Trust Acquires Interest in KalVista Pharmaceuticals’ Sebetralstat for $100 Million 

On November 4, DRI Healthcare Trust announced that it acquired the royalty interest in Sebetralstat, a novel investigational candidate for the oral, on-demand treatment of hereditary angioedema from KalVista Pharmaceuticals, Inc.  Sebetralstat is under regulatory review by the FDA with a Prescription Drug User Fee Act goal date of June 17, 2025. KalVista Pharmaceuticals, Inc. is a global pharmaceutical company.  DRI Healthcare Trust is a healthcare royalty investment company based in Toronto. The company is managed by DRI Capital, a Canadian healthcare royalty private equity firm. Since its initial public offering in 2021, DRI has deployed more than $1 billion, acquiring more... Read More »