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| Acquiring Party | Pharmos Corporation (NASDAQ: PARS ), a developer of novel therapeutics focusing on specific diseases of the nervous system. |
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| Transferring Party | Vela Pharmaceuticals, a developer of medicines related to the nervous system, including the brain-gut axis. |
| Sector | Biopharmaceuticals |
| Date | October 25, 2006 |
| Analysis Broadens Pharmos' pipeline with later stage products targeting irritable bowel syndrome, pain/inflammation, and autoimmune diseases. Affiliates of JP Morgan Partners, Venrock Associates and New Enterprise Associates will control approximately 24% of Pharmos. Deal value -- $6m cash and approx $13m in stock, plus earnout. | |
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason. | |