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Gurnet Point Capital And Patient Square Capital Complete Their Acquisition Of Radius Health, Inc.

PRIVATEAug 15, 2022

Acquiring Company

Patient Square Capital

Acquired Company

Radius

Menlo ParkInformation TechnologyFinancial ServicesSoftwareMobileHealth CareFinanceInvestment ManagementBiotechnologyVenture CapitalBiotechnologyHealth CareMedicalTherapeuticsPharmaceutical

Description

Gurnet Point Capital (“Gurnet Point”) and Patient Square Capital (“Patient Square”) announced today the completion of their acquisition of Radius Health, Inc. (Nasdaq: RDUS) (“Radius”). Radius is a global, commercial-stage biopharmaceutical company focused on addressing unmet medical needs in the areas of bone health and neuro-orphan diseases. Radius’ lead product, TYMLOS® (abaloparatide) was launched in the U.S. in 2017 for the treatment of postmenopausal women with osteoporosis at high risk for fracture.

Quick answer

Patient Square Capital and Gurnet Point Capital are acquiring Radius, announced August 15, 2022. Patient Square Capital is based in Menlo Park, California, United States.

How much did Patient Square Capital pay for Radius?
The deal value was not disclosed.
What does Patient Square Capital do?
Patient Square Capital is a dedicated health care investment firm that partners with best-in-class management teams whose products, services and technologies improve health.
Where are Patient Square Capital and Radius based?
Patient Square Capital is based in Menlo Park, California, United States.
Who are the decision-makers at Patient Square Capital?
Fundz holds 2 contacts at Patient Square Capital. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Patient Square Capital

Location

Menlo Park, California, United States

About

Patient Square Capital is a dedicated health care investment firm that partners with best-in-class management teams whose products, services and technologies improve health. We utilize our deep industry expertise, our broad network of relationships and a true partnership approach to make investments in companies that will grow and thrive. We believe in the power these companies have to improve patient lives, strengthen communities and create a healthier world. Patient Square Capital is purpose built by a team of industry-leading executives, differentiated by the depth of our focus in health care, the breadth of our health care investing experience, and the network we can activate to drive differentiated outcomes. Most importantly, patients are squarely at the center of all that we do. For more information, visit www.patientsquarecapital.com.

Company

Gurnet Point Capital

About

Gurnet Point Capital is a leading healthcare fund that invests in de-risked life sciences companies. Gurnet Point primarily focuses on businesses that have high growth potential in the late product development and commercialization stages of their evolution. These companies become partners not just because of their capacity to generate economic value, but also because of their potential to deliver social impact. Gurnet Point’s team of highly experienced industry executives work closely with its portfolio companies, with an active approach driving operational transformation and outsized returns. www.gurnetpointcapital.com

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Frequently asked

Who acquired Radius?

Radius was acquired by Patient Square Capital, based in Menlo Park. The deal was reported on August 15, 2022. Patient Square Capital is a dedicated health care investment firm that partners with best-in-class management teams whose products, services and technologies improve health. Patient Square Capital is privately held and operates in Information Technology.

When did Patient Square Capital acquire Radius?

Patient Square Capital's acquisition of Radius was reported on August 15, 2022. Gurnet Point Capital (“Gurnet Point”) and Patient Square Capital (“Patient Square”) announced today the completion of their acquisition of Radius Health, Inc. (Nasdaq: RDUS) (“Radius”). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Radius do?

Radius is a global biopharmaceutical company focused on addressing unmet medical needs in the areas of bone health, neuro- orphan diseases, and oncology. Radius’ lead product, TYMLOS® (abaloparatide) injection, was approved by the U.S. It is privately held, operating in Biotechnology.

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