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Investors put $93mm into Paratek as part of merger with Transcept
23 Aug 2017
Executive Summary
As part of its reverse merger with public neuroscience firm Transcept Pharmaceuticals Inc., infectious disease-focused Paratek Pharmaceuticals Inc. will receive $93mm from its current stockholders Omega Funds, HBM Healthcare Investments, and Aisling Capital; Transcept shareholders InterWest Ventures and Roumell Asset Management; and new backers The Baupost Group, Abingworth, and other institutional investors. Post-acquisition, Paratek will focus on lead compound omadacycline, a Phase III-ready oral and intravenous antibiotic.
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Financing
- Private Investment in Public Equity
- Private Placement
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