NEW FUNDS

OnBioVC is always excited to report on new funds. Provident Healthcare Ventures (Boston, MA) launched a $25M fund that is focused on investing in technologies associated with home-based healthcarecare, specialty pharma, hospice, infusion therapy and disease management. The fund will incubate early-stage start-ups and participate in more mature entities with investments ranging from 250K to $3M.

M&A

  • Greyrock Capital Group Alaven Pharmaceutical (Marietta, GA) Meda, AB (Sweeden) for $350M – representing ~6X return to investors.
  • Nycomed (Switzerland) acquired a majority stake in Guangdong Techpool Bio-Pharma (China) for $210M – representing ~51% of the company.
  • Boston Scientific (Natick, MA) acquired Sadra Medical (Los Gatos, CA) for $193M in cash plus up to an additional $193M in milestone payments.
  • Axcan Holdings (Birmingham, AL) acquired Eurand Pharma (Netherlands) for $583M ($12/shr) – representing an ~9% premium at closing.
  • Permira (United Kingdom) acquired Creganna-Tactx Medical (Ireland) for $304.7M.
  • McKesson (San Francisco, CA) is acquiring US Oncology (The Woodlands, TX) for $2.16B.

IPO

Zealand Pharma (Denmark) raised $79M via an initial public offering of 9 million shares on the Bourse in Copenhagen.

OTHER

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