Strategy | Financing Highlight
Private Placement / Financing Transactions
Valera Health: The company raised $44.5 million of venture funding from undisclosed investors on October 7, 2022. The company is a developer of behavioral healthcare software designed to offer personalized mental health services.

Alloy Therapeutics: The company raised $41.7 million through a combination of debt and Series D venture funding in a deal led by 8VC and Mubadala Capital-Ventures on October 3, 2022, putting the company’s pre-money valuation at $750 million. The company is a developer of a drug discovery platform designed to promote and facilitate antibody discovery projects.

InStride Health: The company raised $26 million of venture funding from .406 Ventures, Valtruis and Mass General Brigham Ventures on October 3, 2022. The company is a provider of anxiety and OCD treatment intended to offer enhanced mental health to children, teens, and young adults.

Gate Neurosciences: The company raised $25 million of venture funding from Innoviva, Luson BioVentures and BioCrossroads on October 5, 2022. The company is a developer of next-generation therapeutics designed to treat neurologic and psychiatric disorders.

Araris Biotech: The company raised $24 million of venture funding in a deal led by Pureos Bioventures and 4BIO Capital on October 4, 2022. The company is a developer of an antibody-drug conjugate linker technology designed to deliver potent drugs very specifically to the targeted tissue.

Vergent Bioscience: The company raised $21.5 million of Series B venture funding in a deal led by Orlando Health on October 4, 2022. The company is a developer of molecular imaging probes designed for diagnosis and removal of cancer cells.

Switch Therapeutics: The company raised $19.9 million of venture funding from undisclosed investors on October 4, 2022. The company is an operator of a next generation RNAi therapeutics business based in San Francisco, California.

Genetesis: The company raised $17.5 million of venture funding in a deal led by Mithril Capital Management on October 6, 2022. The company is a developer of a biomagnetic imaging tool designed to improve patients’ health and outcomes of life.

Sensorium Therapeutics: The company raised $15.5 million of venture funding from undisclosed investors on October 4, 2022. The company is an operator of drug discovery platform intended to develop novel FDA-approved psychoactive medicines.

Acurable: The company raised EUR 11 million of Series A venture funding in a deal led by Kibo Venture Partners on October 3, 2022. The company is a developer of a wearable device designed to automatically and accurately measure breathing and cardiac vital signs.

Posos: The company raised EUR 9.8 million of venture funding from Sofiouest, Captech Santé and Nord France Amorçage on October 7, 2022. The company is a developer of medical information software designed for prescription management.

Starlight Cardiovascular: The company closed on $9.5 million of an $11.5 million planned round of Series A venture funding in a deal led by Bird B on October 4, 2022. The company is a developer of a medical device intended to treat babies born with congenital heart disease.

Cardio Diagnostics: The company raised $6.5 million of venture funding from undisclosed investors on October 4, 2022. The company is a developer of medical kits designed for early detection and prevention of heart disease.

ClostraBio: The company raised $4 million of Series A1 venture funding in a deal led by Portal Innovations on October 7, 2022. The company is a developer of biopharmaceuticals intended to offer therapeutics for food allergies.

RadioMedix: The company is in the process of raising Series A venture funding from Portland Investment Counsel and other undisclosed investors on October 7, 2022. The company is an operator of a biotechnology firm intended to focus on targeted radio-pharmaceuticals for diagnosis, monitoring, and therapy of cancer.


M&A Transactions
Change Healthcare / Optum: The company was acquired by Optum, a subsidiary of UnitedHealth Group, for $13 billion on January 6, 2021. Change Healthcare is a spinoff of various healthcare processing and consulting services acquired by McKesson over several years.

Biohaven Pharmaceutical / Pfizer: The company was acquired by Pfizer for $11.6 billion on October 3, 2022. Biohaven Ltd is a commercial-stage biopharmaceutical company with a portfolio of innovative therapies to improve the lives of patients with debilitating neurological and neuropsychiatric diseases, including rare disorders.

Global Blood Therapeutics / Pfizer: The company was acquired by Pfizer for $5.4 billion on October 5, 2022. Global Blood Therapeutics Inc provides therapies for sickle cell disease.

Metrics Contract Services / Catalent: The company, a subsidiary of Mayne Pharma Group was acquired by Catalent for AUD 722 million on October 4, 2022. The company is a provider of contract development and manufacturing services in the medical sector.

GenDx / Eurobio Scientific: The company was acquired by Eurobio Scientific for EUR 135 million on October 3, 2022. The company is a provider of molecular diagnostics tools intended for solid organ and stem cell transplantation.

Villaris Therapeutics / Incyte: The company reached a definitive agreement to be acquired by Incyte for $70 million on October 3, 2022. The company is a developer of a novel humanized antibody therapeutics designed to target the depletion of autoimmune memory T cells (TRM) for effective and durable treatment of vitiligo.

Altar / Ginkgo Bioworks Holdings: The company was acquired by Ginkgo Bioworks Holdings for an undisclosed amount on October 4, 2022. The company is a developer of automated cultivation devices designed to harness natural selection to make improved microbes.

Arterys / Tempus Labs: The company was acquired by Tempus Labs for an undisclosed amount on October 5, 2022. The company is a developer of medical imaging analytics technology designed to offer improved patient care.

Broward Oncology Associates / The Oncology Institute: The company was acquired by The Oncology Institute for an undisclosed amount on October 6, 2022. The company is a provider of health and well-being services focused on cancer and blood disorders.

Cevec / Cytiva: The company was acquired by Cytiva, a subsidiary of Danaher, for an undisclosed amount on October 6, 2022. The company is a developer of cell technology designed to assist in the preparation of therapeutic proteins and monoclonal antibodies.

Circularis / Ginkgo Bioworks Holdings: The company was acquired by Ginkgo Bioworks Holdings for an undisclosed amount on October 4, 2022. The company is an operator of a biotech business intended to regulate gene expression.

LogicBio Therapeutics / Alexion: The company reached a definitive agreement to be acquired by Alexion, a subsidiary of AstraZeneca, for an undisclosed amount on October 3, 2022. LogicBio Therapeutics Inc is a genome editing company focused on developing medicines to durably treat rare diseases in patients with significant unmet medical need using GeneRide, its proprietary technology platform.

Pancella / Pluristyx: The company reached a definitive agreement to be acquired by Pluristyx on October 6, 2022. The company is a developer of medicinal cell therapy intended for the treatment of degenerative and malignant diseases.

Valley Oaks Medical Group / Apollo Medical Holdings: The company reached a definitive agreement to be acquired by Apollo Medical Holdings for an undisclosed amount on October 5, 2022. The company is a provider of primary and specialty care services focusing on preventative care and proactive treatment.

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