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New Deal


Announced

Completed

venBio, Foresite Capital and Decheng Capital led a $111m Series B round in ImmPact Bio.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Life science

Friendly

Completed

Biotechnology

Minority

Domestic

biotechnology

Venture Capital

Private

Single Bidder

Acquisition

Private Equity

United States

Synopsis

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venBio, a life sciences investment firm, Foresite Capital, an American venture capital and growth equity firm, and Decheng Capital, an investment company, led a $111m Series B round in ImmPact Bio, a biotechnology company, with participation from OrbiMed, Surveyor Capital and Novartis Venture Fund. "We believe ImmPACT Bio's technology platforms will help to expand the curative potential of cell therapies in certain cancers and to address challenges that have limited the efficacy of cell therapies in hard-to-treat tumor types. We are excited to work with the scientists and clinicians at ImmPACT Bio to translate their engineering innovations into novel cell therapy products for multiple malignancies," Richard Gaste, venBio Partners Managing Partner.

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