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New Deal


Announced

Completed

Norwest Venture and 22C Capital-backed-Target RWE completed the acquisition of NoviSci.

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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Acquisition

Private Equity

Friendly

Completed

Single Bidder

Majority

Domestic

Biotechnology

Private

biotechnology company

United States

Synopsis

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Norwest Venture and 22C Capital-backed-Target RWE, a real-world evidence solutions company, completed the acquisition of NoviSci, a biotechnology company. Amgen, a strategic investor in and collaborator with NoviSci, has also made a strategic investment in the combined company to fuel growth. Financial terms were not disclosed. “Target RWE’s proven real-world data and evidence solutions continue to grow in breadth, depth and value for our research and industry partners. With the addition of NoviSci’s novel analytics platform and experienced team, Target provides a highly adaptive environment to accelerate insights and reproducible research output from real-world data to various stakeholders in the healthcare ecosystem, including our pharmaceutical industry partners, healthcare investigator partners, government agencies and payor organizations," Neal Bibeau, Target RWE CEO.

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