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New Deal


Announced

Completed

Nuvation Bio completed the acquisition of Decheng Capital-backed AnHeart Therapeutics for $145m.

Financials

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Transaction Value£115m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Acquisition

United States

Domestic

clinical stage biotechnology

Pharmaceuticals

Private

Friendly

Completed

Venture Capital

Synopsis

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Nuvation Bio, a biopharmaceutical company, completed the acquisition of Decheng Capital-backed AnHeart Therapeutics, a clinical-stage global biopharmaceutical company developing a pipeline of novel precision oncology therapeutics, for $145m. “The closing of the acquisition transforms Nuvation Bio into a late-stage, global oncology company that is well-capitalized and positioned to develop our newly expanded pipeline as we move toward becoming a commercial organization. We welcome the AnHeart team and look forward to leveraging our combined expertise to bring new cancer therapies to patients who need them most," David Hung, Nuvation Bio Founder, President, and CEO.

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