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New Deal


Announced

Completed

Abingworth led a $150m funding round in Pathalys Pharma.

Financials

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Transaction Value£122m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

biotechnology company

Acquisition

Cross Border

Minority

clinical biopharma

Friendly

Biotechnology

Venture Capital

United States

Single Bidder

Private Equity

Private

Synopsis

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Abingworth, a trans-atlantic bio-science investment firm, led a $150m funding round in Pathalys Pharma, a private, late-stage biopharma company, with participation from Carlyle, OrbiMed, Catalys Pacific and DaVita Venture Group. "Pathalys is very excited to collaborate with Launch Tx and to have the backing of such an esteemed group of healthcare investors. Through this collaboration and transaction, Pathalys expects to be fully funded through the completion of its planned phase 3 trials, and pre-commercialization efforts for upacicalcet. We look forward to working closely with Launch Tx to advance upacicalcet toward registration in the US with the goal of making this important product candidate available for dialysis patients with SHPT," Neal Fowler, Pathalys CEO.

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