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New Deal


Announced

Biofourmis to acquire Biovotion.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Pending

Single Bidder

Switzerland

Biotechnology

Majority

Friendly

biotechnology company

Acquisition

Synopsis

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Biofourmis, a provider of digital therapeutics based in Boston, agreed to acquire Biovotion, a developer of a clinical-grade wearable biosensor platform. Financial terms were not disclosed. "Biovotion had been a trusted partner for many years as we have leveraged each other's technologies across numerous clinical, commercial and research applications. We are thrilled to add Everion to the Biovitals ecosystem, which will continue to help our clients achieve their goals such as demonstrating the value of pharmacotherapy, managing chronic diseases, predicting and preventing adverse events, and improving clinical outcomes—and ultimately reducing healthcare costs," Kuldeep Singh Rajput, Biofourmis CEO and founder.

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