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New Deal


Announced

Completed

BioMedPartners led a $39m Series A round in TOLREMO.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Switzerland

Acquisition

Private Equity

Completed

Single Bidder

cancer treatment

treatment development

Biotechnology

Cross Border

Minority

Private

Venture Capital

Friendly

Synopsis

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BioMedPartners, a venture capital firm based in Basel, led a $39m Series A round in TOLREMO, a research and product development in Basel, Switzerland, with participation from Pierre Fabre. "TOLREMO has a very distinct scientific approach to providing rational combination therapies that preemptively address the problem of drug resistance in cancer treatment. TT125-802 inhibits transcriptional changes, which are central for resistance development to a multitude of targeted cancer therapies. This new investment is very consistent with our renewed strategy to focus our R&D portfolio on targeted therapies," Francesco Hofmann, Pierre Fabre Laboratories Head of R&D for Medical Care.

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