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Nuvation Bio Inc. completes acquisition of AnHeart Therapeutics Ltd. to enhance its oncology pipeline

Apr 10, 2024•over 1 year ago

Acquiring Company

Nuvation Bio

Acquired Company

AnHeart Therapeutics

New YorkNew YorkBiopharmaTherapeuticsBiotechnologyHealth CareBiopharmaTherapeuticsPharmaceuticalBiotechnologyHealth Care

Description

Nuvation Bio Inc., a late-stage global biopharmaceutical company, has successfully completed the acquisition of AnHeart Therapeutics Ltd. This acquisition transforms Nuvation Bio into a well-capitalized, late-stage, global oncology company, expanding its pipeline and positioning it to become a commercial organization.

Company Information

Company

Nuvation Bio

Location

New York, New York, United States

About

Nuvation Bio is a biopharmaceutical company tackling some of the greatest unmet needs in oncology by developing differentiated and novel therapeutic candidates. Nuvation Bio’s proprietary portfolio includes mechanistically distinct oncology therapeutic product candidates, each targeting some of the most difficult-to-treat types of cancer. Nuvation Bio was founded in 2018 by biopharma industry veteran David Hung, M.D., who previously founded Medivation, Inc., which brought to patients one of the world’s leading prostate cancer medicines. Nuvation Bio has offices in New York and San Francisco. For more information, please visit www.nuvationbio.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed