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Esperion sold by Pfizer; closes $55.8mm Series A round

Executive Summary

After acquiring Esperion Therapeutics (cardiovascular and metabolic compounds) in 2003 for $1.25bn, Pfizer has now decided to spin off the company to a syndicate of investors. Esperion has simultaneously closed a tranched $22.75mm Series A venture round co-led by new investors Aisling Capital and Domain Associates, and returning backer Alta Partners, all of which contribute one member to the company's board. Arboretum Ventures also participated.
Deal Industry
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Spin-Off
    • Venture Financing

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