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New Deal


Announced

Gilead Sciences to invest $66m in Tentarix Biotherapeutics.

Financials

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Transaction Value£52m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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United States

biotechnology company

Biotechnology

Acquisition

Domestic

Private

Majority

Pending

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Synopsis

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Gilead Sciences, an American biopharmaceutical company, agreed to invest $66m in Tentarix Biotherapeutics, a biotechnology company focused on leveraging its proprietary Tentacles platform. Gilead is looking to bolster its protein therapeutics pipeline, so the early-stage collaboration with Tentarix will fit right in, according to Flavius Martin, M.D., executive vice president of research at the pharma.

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