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New Deal


Announced

Completed

SK completed a $350m investment in the Center for Breakthrough Medicines.

Financials

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Transaction Value£256m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Health Care Services

Private

United States

gene therapy

Cross Border

Single Bidder

Acquisition

Friendly

Completed

Synopsis

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SK, a holding company, completed a $350m investment in the Center for Breakthrough Medicines, an innovative cell and gene therapy focused contract development and manufacturing organization. "We chose to partner with SK based on our shared deep desire to cure cancer and eradicate genetic disease. Thousands of people are dying every day, and we have the ability to cure patients by manufacturing these new technologies. This unprecedented collaboration will allow us to bring over 700k square feet of capacity online, and hire 2k of the world's most brilliant, advanced therapy experts, all at the Discovery Labs site in King of Prussia, Pennsylvania," Brian O'Neill, Center for Breakthrough Medicines Chairman.

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