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New Deal


Announced

Completed

Panacea Venture, CTI Life Sciences and 3B Future Health Fund led a $42m Series A round in Domain Therapeutics.

Financials

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Transaction Value£33m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Acquisition

Private Equity

Single Bidder

Completed

Private

Minority

biopharmaceutical company

Canada

Venture Capital

Cross Border

Biotechnology

Synopsis

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Panacea Venture, CTI Life Sciences and 3B Future Health Fund led a $42m Series A round in Domain Therapeutics, a biopharmaceutical company specializing in the research and development of innovative drugs targeting G Protein-Coupled Receptors in immuno-oncology, with participation from adMare BioInnovations, Schroders Capital, Omnes, Turenne Capital, Theodorus, Viva BioInnovator and Seventure Partners. "We are pleased to welcome our new shareholders and I thank them all for their commitment at this decisive stage of our company’s growth. After having delivered a first GPCR drug candidate for immuno-oncology together with Merck KGaA, Domain is now committed to advance its own treatments reviving the immune system to defeat cancer," Pascal Neuville, Domain Therapeutics CEO.

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