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Santarus gains anti-VLA-1 antibody in Covella acquisition

Executive Summary

In the second of two new deals it penned on the same day to bulk up on biologics, specialty pharmaco Santarus Inc. has acquired private biotech start-up Covella Pharmaceuticals Inc. for $1.8mm plus an undisclosed amount in clinical and regulatory milestones.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Large Molecule
      • Antibodies
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Earnout
    • Intra-Biotech Deal
    • Payment Includes Cash
    • Payment Includes Stock

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