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| Acquiring Party | Novartis Corp. (NYSE: NVS), a global life sciences company focused on pharmaceuticals, generics, consumer health, eyecare products and medicines, and animal health. |
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| Transferring Party | Protez Pharmaceuticals, a pharmaceutical company focused on new antibiotics for difficult-to-treat infections. |
| Sector | Biopharmaceuticals |
| Date | June 4, 2008 |
| Analysis Gives Novartis the rights to an antibiotic which could be used to fight superbugs such as MRSA, a hospital borne infection. The antibiotic is in Phase II development for use against potentially deadly drug-resistant infections. Deal value ~ $100m with $300m in milestones. | |
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. | |