Acquiring Company
BioMarin Pharmaceutical
Acquired Company
Alesta Therapeutics
San RafaelBiotechnologyHealth CareMedicalGeneticsTherapeuticsBiotechnologyHealth CareTherapeuticsDescription
BioMarin Pharmaceutical Inc. has announced its agreement to acquire Alesta Therapeutics for $275 million upfront, with additional payments based on milestones. This acquisition aims to bring Alesta's promising product, ALE1, to market as a potential first oral therapy for hypophosphatasia. The transaction is expected to close this quarter, following customary conditions.
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Frequently asked
Who acquired Alesta Therapeutics?
Alesta Therapeutics was acquired by BioMarin Pharmaceutical, based in San Rafael. The deal was reported on August 18, 2026. BioMarin is a global biotechnology company founded in 1997, dedicated to transforming lives through genetic discovery. BioMarin Pharmaceutical is publicly traded (BMRN) and operates in Biotechnology.
When did BioMarin Pharmaceutical acquire Alesta Therapeutics?
BioMarin Pharmaceutical's acquisition of Alesta Therapeutics was reported on August 18, 2026. BioMarin Pharmaceutical Inc. has announced its agreement to acquire Alesta Therapeutics for $275 million upfront, with additional payments based on milestones. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Alesta Therapeutics do?
Alesta Therapeutics is a biotechnology company focused on developing therapies for rare genetic diseases. The company is engaged in advancing innovative treatments and conducting clinical trials to find effective solutions for serious health conditions. It is privately held, operating in Biotechnology.
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