nnouncing vivitide, a New Name With Continuous Commitment to Science Based on Long Experience in the World of Peptides and Antibodies

GARDNER, Mass., January 15, 2021 (Newswire.com) – Delighted to announce the new company name, vivitide unites the vision and capabilities of previously merged New England Peptide and Peptides International under one, joint, global brand.

“Our new company name, vivitide, is a true reflection of our identity and commitment,” said Dr. Diekmann, CEO of vivitide. “We take pride in providing agile and flexible service to our customers, offering a broad suite of peptide and antibody services and products to the life science community. Together with our experienced personnel, outstanding customer care, quality, and service, we ensure our clients experience unparalleled support. Our employees take pride in being part of a vibrant life science community, and we confidently look forward to continued success and achievements for both our customers and us.”

“We have significantly evolved, expanded, and grown our services and portfolio over the past 12 months,” adds Ehab Alramahy, Vice President, Global Marketing and Sales. “Our employees are dedicated and highly motivated to fulfill and excel on behalf of our customers” Alramahy continues. “We have transformed our business processes and invested in both our employees and state-of-the art technology. All this together making it easier than ever for you to work with us.”

“With over 100 employees in North America, we established 24/7 production in our facilities to meet increasing demands in 2020. The company has a strong base for further organic growth, supplemented with future M&A activity, which will be a focus of the company’s executives, and Board of Directors,” adds Dr. Diekmann. “We’ll continue to serve customers worldwide as a leading supplier of peptides and antibodies, which play an important role in the research and development, diagnosis and therapy of diseases, such as diabetes, cancer, and COVID-19.”



About vivitide

vivitide is a global leader in custom peptides, antibody services, and catalog products for the life science and biotech industry. Formed by the merger of New England Peptide (founded 1998) and Peptides International (founded in 1983) in 2019, vivitide is headquartered in Gardner, MA, with significant operations in Louisville, KY. Committed to outstanding quality and customer care, vivitide provides a broad suite of custom peptide synthesis services, custom antibodies, catalog peptides, and biochemicals to academia, pharmaceutical, biotech, and diagnostic companies worldwide.

For more information feel free to visit our website www.vivitide.com, follow us on LinkedIn https://www.linkedin.com/company/vivitide/ or get in touch with Ehab Alramahy, Vice President Global Marketing and Sales at ealramahy@vivitide.com.

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Forbion portfolio company, NewAmsterdam Pharma completes €160M Series A Funding for Phase 3 Development Program

Forbion

in portfolio news

  • Founding investor Forbion joined by co-lead investors, Morningside Ventures and Ascendant BioCapital, and other leaders in global biopharmaceutical investment
  • Funding will support initiation and finalization of Phase 3 development of obicetrapib, a potent ApoB and LDL-c lowering small molecule drug, intended for patients not well-controlled on statins
  • Earlier seed funding of €20M was provided by Forbion and Founders

Naarden, the Netherlands, and Munich, Germany, January 14 2021 – Forbion, a leading European life sciences venture capital firm, today announces that its portfolio company, NewAmsterdam Pharma (NAP), a clinical stage company focused on the research and development of transformative therapies for cardio-metabolic diseases, has completed an oversubscribed €160M ($196M) Series A funding round.

The financing will support the full Phase 3 development of its ApoB and LDL-c lowering small molecule drug, obicetrapib. The drug, a cholesteryl ester transfer protein (CETP) inhibitor, is being developed for patients who are not well-controlled on statins.

Forbion, NAP’s founding investor, was joined by Morningside Ventures and Ascendant BioCapital as co-lead investors in the Series A financing. Also participating in this funding round were Kaiser Foundation Hospitals, BVF Partners L.P., Population Health Partners, LSP Dementia Fund, Peter Thiel, Janus Henderson Investors, Medpace, GL Capital, JVC Investment Partners, and Presight Capital.

“This is an important milestone in the advancement of obicetrapib and the growth of NewAmsterdam Pharma,” said Michael Davidson, MD, Chief Executive Officer of NewAmsterdam Pharma. “The tremendous support of our investors allows us to initiate a large, Phase 3 development program as we work to create a new option for the millions of high cardiovascular risks patients globally who, despite maximally tolerated statin therapy, require additional LDL-c lowering options.”

“Effectively inhibiting CETP to reduce atherosclerotic risk in patients is something Dr. Davidson and I have been endeavoring to achieve in our field of research for more than two decades,” said John Kastelein, MD, PhD, FESC, chief scientific officer of NewAmsterdam Pharma. “Long term follow up from the 2017 REVEAL study validated CETP as a target to lower LDL-c and reduce major adverse cardiac events (MACE).1 We believe that in obicetrapib, based on clinical studies to date, we have a molecule which is well tolerated and has not shown any of the safety issues of previous CETP inhibitors. Furthermore, based on the surrogate endpoints of the REVEAL study, obicetrapib was shown to be more effective at lowering LDL-c at a 5 mg dose in comparison to a 100 mg dose of anacetrapib.”

Sander Slootweg, Managing Partner at Forbion, said: “We are pleased to see NewAmsterdam Pharma raise such an impressive Series A round so soon after its formation, and we welcome the new investor syndicate on board. This raise will allow NAP’s seasoned management team to deliver a full Phase 3 development program for obicetrapib, exploring its potential in addressing the huge and poorly served patient population at risk of cardiovascular disease who are not well-controlled on statins.”

Two Phase 2b clinical trials for obicetrapib are underway with targeted completion in Q2 2021.
NAP is looking to initiate Phase 3 clinical trials towards the end of this year.

1. https://clinicaltrials.gov/ct2/show/study/NCT01252953

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CareMetx, General Atlantic and The Vistria Group Announce Strategic Growth Partnership

General Atlantic

Significant investment from General Atlantic and The Vistria Group positions CareMetx for continued growth in supporting patient access to innovative therapies

CareMetx (or the “Company”), a leading technology-enabled hub services company improving patient access to specialty medications, General Atlantic, a global growth equity firm, and The Vistria Group, a Chicago-based private investment firm, today announced a strategic partnership to further accelerate the Company’s growth. With the transaction, General Atlantic will become the majority owner of CareMetx. The Vistria Group, existing majority shareholder in CareMetx since 2017, will maintain a significant position in the Company by reinvesting through Vistria Fund III, LP. Additionally, Marty Nesbitt, Co-CEO of The Vistria Group, will serve as the Chairman of the Company.

Co-founded in 2011 by Bob Dresing and Mark Hansan, hub services pioneers, CareMetx is leading the transformation of the industry from traditional call center services to a “Digital Hub” which integrates the Company’s proprietary technology platform with award-winning patient and provider support. CareMetx works on behalf of pharmaceutical and biotechnology companies to help patients and providers navigate reimbursement complexities and will continue to launch new products intended to lower the cost burden for patients on high-cost therapies.

Mark Hansan, President and CEO of CareMetx, said, “With patients continuing to face obstacles, we are excited to have the combined capabilities of General Atlantic and Vistria behind our efforts to scale our platform, invest in our team and bring new capabilities to our clients.”

“CareMetx is a disruptor in pharma commercialization services, differentiated by its focus on leveraging technology and grounded in its commitment to helping patients,” commented Justin Sunshine, Managing Director at General Atlantic. “CareMetx plays a critical role to ensure specialty therapeutics effectively reach the patients who need them, and we look forward to working with Mark and the CareMetx team to further accelerate the Company’s growth.”

“Over the last three years of our partnership, CareMetx has demonstrated its commitment to rethinking and reinventing traditional approaches to hub services,” continued Jon Maschmeyer, Partner at The Vistria Group. “We are proud to continue supporting CareMetx’s growth and welcome the new partnership with General Atlantic.”

“We are honored Vistria has decided to reinvest in CareMetx,” Hansan added. “They have been an outstanding partner that backed two important acquisitions and accelerated our development of new products and services. Now with General Atlantic as a partner, we are confident their years of investment across the healthcare ecosystem will help scale our delivery of real-time transaction processing and services to physician practices struggling to overcome barriers for patients.”

Terms of the deal were not disclosed. The Company was advised by Baird and North Point Advisors.

About CareMetx

CareMetx, LLC is a leading technology-enabled hub services platform facilitating patient access to specialty medications. Serving pharmaceutical, biotechnology and device manufacturers, CareMetx leverages digital eServices integrated in a cohesive platform to promote efficiency in the healthcare ecosystem and remove barriers for patients and providers. CareMetx is committed to delivering compassionate advocacy to patients, decision-making data and confidence-building insight to manufacturer clients. Headquartered in Bethesda, Maryland and with over 600 employees, CareMetx serves more than 80 brands. Learn more at www.caremetx.com.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build market-leading businesses worldwide. General Atlantic has more than 175 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai and Singapore. For more information on General Atlantic, please visit the website: www.generalatlantic.com.

About The Vistria Group

The Vistria Group is a Chicago-based private investment firm focused on investing in middle market companies in the healthcare, education, and financial services sectors. Vistria’s team is comprised of highly experienced operating partners and private equity executives with proven track records of working with management teams in building innovative, market-leading companies. For more information, please visit www.vistria.com.

Media Contacts

Mary Armstrong & Emily Japlon
General Atlantic media@generalatlantic.com

Beth Dresing
CareMetx edresing@caremetx.com

Kevin Sajdak
The Vistria Group ks@respublicagroup.com

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Ardian and BNP Paribas developpement invest in Proteor, a french leader in external orthopedics

Ardian

13 January 2021 GrowthFrance, Paris

Paris, January 13, 2021 – Proteor, a major player in the manufacture and distribution of prosthetics and orthotics, has chosen to partner with Ardian, a world leading private investment house, and BNP Paribas Développement, the investment arm of BNP Paribas Group.

Through this investment, Ardian and BNP will support the company in the next phase of its development and in the acceleration of its international expansion, particularly in Europe and North America.

Founded more than 100 years ago, Proteor is a family business headquartered in Dijon, Burgundy, France. The company’s core business is in the manufacturing and distribution of orthopedic devices, with the Group providing tailor-made equipment to meet the needs of patients. Proteor employs more than 900 people and generates more than 20% of its turnover abroad, with operations in France, Europe, the United-States, China and Japan.

Proteor’s growth has been possible thanks to a network of more than 70 orthopedic centers in France and across Europe, which are staffed by more than 200 orthopedic professionals.

The company is also active in the design, manufacturing and marketing of components and materials for prosthetics and orthotics. Proteor has sites in Seurre, France and a factory in Tempe, Arizona in the US. The Group is actively engaged in innovation in this field and has filed more than 100 patents since its creation.

The Group has been focused on expansion in recent years. In 2016, it acquired Lecante, a network of orthopedic centers in France, to extend its market coverage and acquire new software expertise for orthoprosthesists), and made a first acquisition in the United-States in. In 2018, Proteor acquired Ability Dynamicswhich enabled it to expand its product offering and strengthen its presence in the US market.

Now, with the backing of Ardian and BNP Paribas Développement, Proteor will be able to accelerate its international expansion by acquiring Freedom Innovation in the US from Otto Bock Healthcare North America. This transaction is in line with Proteor’s long-term strategy and will help further strengthen its components and materials division, its production capacity and its technological know-how, particularly in microprocessor-controlled knees and new-generation ankle and foot prosthetics.

“Ardian and BNP Paribas Développement were instrumental in negotiating and securing the Freedom Innovations acquisition. With their help, we were also able to complete this first capital opening alongside the founding family. This marks the first step in a collaboration that aims to make Proteor one of the world leaders in external orthotics. » said Jean-Fraçois Cantero and Edouard Archambeaud for Proteor.

“Proteor is a French flagship in external orthopedics, which has been able to expand thanks to innovative solutions particularly adapted to patients’ needs. We are pleased to be partnering with the company in this new phase of international development and consolidation of its technological assets and help Proteor become one of the world leaders in its market”, continued Alexis Saada and Frédéric Quéru for Ardian Growth.

“This partnership reinforces a long-standing relationship based on trust with the management and the founding family. We are delighted to support Proteor in pursuing its innovation strategy and in its new phase of international growth.” concluded Gilles Poncet and Guillaume Wolf for BNP Paribas Développement.

 

ABOUT PROTEOR

Proteor is an independent family business, founded over 100 years ago and headquartered in Dijon, France. Proteor operates in the orthotics and prosthetics market with three main business areas: software, components and custom orthopedic devices. Thanks to continuous investments in innovation, numerous medical and scientific partnerships, and daily cooperation with orthoptists, Proteor benefits from recognized expertise in the orthopedic sector.

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$103bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 700 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

 

ABOUT BNP PARIBAS DEVELOPPEMENT

BNP Paribas Développement, an independent subsidiary of the international banking group BNP Paribas, is a public limited company that has been investing its equity capital directly as a minority shareholder for over 30 years to support the development of high-performance SMEs and ETIs and ensure their sustainability by facilitating their transfer. In addition to the financial resources made available to the company to ensure stable resources, the vocation of BNP Paribas Développement is to support the management team over the long term in carrying out its medium-term strategic projects. Our minority position ensures our partners an adapted governance without interference in the day-to-day management, while benefiting from the strength of a recognized group and the experience of a partner with a portfolio of more than 400 diversified investments.

Participants

  • Ardian

    • Alexis Saada, Frédéric Quéru, Louise Gros
  • Proteor

    • Edouard Archambeaud, Jean-François Cantero
    • M&A advisors: Neuflize OBC (Johanna Guzman, Géraldine Grossiord, Anne Nguyen)
    • Legal advisors: Alcya Conseil (Laurent Simon, Antonin Thel, Jérôme Loisy)
    • Financial advisor: Advance (Olivier Poncin, Arnaud Vergnole, Thomas Recipon, Mehdi Adyel)
  • BNP Paribas Development

    • Gilles Poncet, Guillaume Wolf, Julien Lemaire
    • Legal advisors & audit: McDermott Will & Emery (Diana Hund, Antoine Vergnat, Emmanuelle Turek, Côme de Saint-Vincent, Katya Ascher)
    • Financial audit: Eight Advisory (Christophe Delas, Nicolas Bassi)
    • Arranger: BECM-CIC (Aurélie Stassinet, Nathalie Picard, Corinne Bugaut)
    • BNP Paribas (Stéphanie Bibollet, Antoine de la Taille), LCL (Anne Garrot, Dirk Weinand, Aurélia Bojmal), Banque Populaire BFC (Edwige Lemarchand, Christine Velon, Fabienne Blanc Mondiere)
    • Crédit Agricole (Barbara Kieres Balko, Jean-Christophe Risold, Adrien Bagard)
    • Advisor : De Gaulle, Fleurance & Associés (May Jarjour, Margaux Baratte, Vahan Guevorkian)

PRESS CONTACTS

ARDIAN – Headland

VIKTOR TSVETANOV

VTsvetanov@headlandconsultancy.co.uk +44 207 3435 7469

 

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Robocath successfully carries out Europe’s first remote robotic-assisted coronary angioplasty

Supernova Invest

Rouen, France, January 13, 2021 — Robocath, a company that designs, develops and commercializes cardiovascular robotic systems for the treatment of vascular diseases, today announces the successful completion of the first remote robotic-assisted coronary angioplasty in Europe. The procedure was carried out by Prof. Eric Durand and Prof. Rémi Sabatier at the Rouen Medical Training Center and Caen University Hospital in France – spanning 75 miles (120 km) between the two locations. The procedure is the first of its kind in Europe; it was completed with R-One™, Robocath’s first commercial robotic-assisted platform. This unprecedented achievement opens the door to new options for patients who live in remote areas and require swift treatment to successfully treat cardiovascular diseases.

The procedure was carried out on an animal model on December 8, 2020. Consistent communication between Prof. Sabatier – operating in the Caen University Hospital, and Prof. Durand – based at the Medical Training Center in Rouen, was secured using a variety of tools.

Prof. Rémi Sabatier, Interventional Cardiologist at Caen University Hospital and Associate Professor in Remote Medicine said: “There are still significant disparities in the level of care for cardiovascular diseases depending on where a patient lives. For example, in Europe, 40% of heart attacks are not treated with a coronary angioplasty, even when this is clearly a better option for the patient than fibrinolytic therapy. This is essentially because it takes too long to get to an interventional cardiology center (1). This pioneering robotic procedure, the first in Europe carried out at a distance of over 70 miles, could eventually improve patient care in case of serious cardiac events such as heart attacks and strokes, and save lives. Aside from the technical achievement, it’s been a privilege for me personally to be involved in this first intervention. The equipment provided by Robocath meant that I was perfectly able to communicate with my colleagues in Rouen without a hitch. Operating my tools remotely felt exactly the same as a standard robotic procedure.”

Prof. Eric Durand, Interventional Cardiologist at Rouen University Hospital said: “I’m delighted to have participated in this landmark operation, which has proven that long-distance robotic procedures can be completed safely and securely by qualified caregivers. There are a number of challenges that still need to be overcome before this can become commonplace within this sector, particularly in relation to the required personnel training and legal liability. Nonetheless, I’m convinced that the future of interventional cardiology is robotic and that this remote connection module will speed up growth in this area.”

Bruno Fournier, CTO at Robocath said: “This successful operation is a great proof-of-concept in a number of technical aspects; it demonstrates that a coronary angioplasty can be completed safely between two distant sites. In the long run, our goal is to provide the user with the same level of performance as with an in-person robotic procedure.”

Lucien Goffart, CEO of Robocath said: “Cardiovascular diseases are currently the number one cause of death worldwide. In part, this is due to a number of circumstances which make it hard to improve treatment, such as geographic, structural and economic factors. Ensuring equality of treatment and access to care – regardless of where one lives, is fundamental. Robotic interventional medicine unquestionably represents a reliable response to these major social challenges. Firstly, robotic procedures make vascular intervention safer for the physician, by providing complete protection from X-rays; over the last 15 years, X-ray exposure has had a significant effect on the number of qualified people entering this field. People are less available, less willing to train, because of the health conditions caused by wearing lead equipment. This has resulted in a growing shortage of qualified medical staff. Secondly, remote robotic interventions will provide patients with rapid access to the best treatment by experts, who can operate from a specialist center on a patient located at a smaller ER.”

Philippe Bencteux, President and Founder of Robocath said: “When I founded this company, almost ten years ago, my ambition was to develop robotic solutions for remote treatment in order to improve care for patients suffering from serious heart conditions such as strokes, heart attacks and hemorrhagic shocks. This telerobotic intervention represents a major triumph for public health. It will clear the way for better treatment for a significant majority of the population – who have not had access to it before. Almost twenty years after the first surgery was carried out between two different locations: New York and Strasbourg, I am particularly proud that Robocath has achieved this ‘first’ in remote vascular intervention. It is a key step in developing the field and will soon lead to a new global era in interventional treatment.”

(1) Widimsky P, Wijns W, Fajadet J, et al., Reperfusion therapy for ST elevation acute myocardial infarction in Europe: description of the current situation in 30 countries, Eur Heart J, 2010;31:943–57 ; Grønborg Laut K., Becic Pedersen A., Lash T., and Dalby Kristensen S., Barriers to Implementation of Primary Percutaneous Coronary Intervention in Europe, European Cardiology, 2011;7(2):108–12

ABOUT ROBOCATH

Founded in 2009 by Philippe Bencteux, MD, Robocath designs, develops and commercializes robotic solutions to treat cardiovascular diseases. As an active player in the evolving medical robotic industry, these innovative solutions aim to make medical procedures safer thanks to reliable technologies, while complementing manual interventions.

R-One™ is the first solution developed by Robocath. It uses a unique technology that optimizes the safety of robotic-assisted coronary angioplasty. This medical procedure consists of revascularizing the cardiac muscle by inserting one or more implants (stents) into the arteries that supply it with blood. Every 30 seconds, somewhere in the world, this type of procedure is performed. R-One is designed to operate with precision and perform specific movements, creating better interventional conditions. Thanks to its open architecture, R-One is compatible with market-leading devices and cath labs.

In a prospective, randomized, controlled pre-clinical trial, R-One demonstrated safety and efficacy as it achieved 100% technical procedure success and no MACE (major adverse cardiovascular events). R-One received the CE marking in February 2019 and started its clinical application in September 2019. Currently R-One is available in Europe and Africa.

Robocath aims to become the world leader in vascular robotics and develop the remote treatment of vascular emergencies, guaranteeing the best care pathway for all. Based in Rouen, France, Robocath has more than 40 employees.

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Baird Capital Invests in Jumpcode Genomics

Baird Capital

Baird Capital announced today that its venture team has completed an investment in Jumpcode Genomics (“Jumpcode”), a genome technology company focused on improving the understanding of human disease. Joining Baird Capital in the $21 million Series B round of funding was Arboretum Ventures and existing investor LYZZ Capital.

Jumpcode Genomics

Founded in 2016, Jumpcode’s patented technology unlocks the power of next-generation sequencing by improving sensitivity, reducing costs, simplifying workflows and removing bias. Researchers worldwide are using Jumpcode’s CRISPRClean technology in the fields of basic research, infectious disease, oncology and consumer genomics.

“The Jumpcode Genomics team and advisors have a tremendous amount of experience and knowledge in this sector,” said Mike Liang, Partner with Baird Capital. “We believe the underlying technology within Jumpcode has revolutionary applications within the life sciences tools market and within clinical diagnostic applications.”

For the full announcement and additional details on the funding round, a new board member appointment and office and laboratory space expansion, the full press release is available here.

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Audax Private Equity and Linden Capital Partners Invest in StatLab Medical Products

Audax Group

Audax Private Equity (“Audax”) and Linden Capital Partners (“Linden”), two leading middle-market private equity firms, announced today the acquisition of StatLab Medical Products (“StatLab” or the “Company”). Founded in 1976 and headquartered in McKinney, Texas, StatLab is a leading manufacturer and distributor of consumables, reagents, and equipment used by anatomic pathology, molecular diagnostics, and other laboratories.

Joe Bernardo, Operating Partner at Linden, has been appointed Executive Chairman of StatLab and will join the Board of Directors. Mr. Bernardo brings valuable experience to StatLab after spending over 25 years with premier diagnostics organizations, including Thermo Fisher Scientific, Siemens Healthcare, and Abbott Laboratories. “We are delighted to partner with StatLab to build upon its reputation derived from decades of providing high quality products and service. The Company has a unique opportunity to expand its customer base and suite of consumables and equipment offerings over the next several years,” said Mr. Bernardo.

Michael Karsonovich, Operating Advisor at Linden, has been appointed CEO of StatLab and will also join the Board. Mr. Karsonovich has extensive experience across anatomic pathology and diagnostics, having previously held executive positions at Thermo Fisher Scientific in their Fisher HealthCare, Temperature Control and Slides, and Specialty Glass businesses. “I am honored by the opportunity to contribute to this organization and am excited to work with the talented team at StatLab. I also want to thank Dan Eckert for his outstanding leadership of the StatLab team for the last three years,” noted Mr. Karsonovich. “Moreover, I look forward to partnering with Audax and Linden, who share my vision to build upon, invest in, and accelerate the growth of StatLab,” added Mr. Karsonovich.

“StatLab has established itself as a leader in anatomic pathology consumables and a reliable partner to laboratory and OEM customers. Linden’s investment in StatLab builds upon our prior experience in the diagnostics sector, and we look forward to leveraging that experience to support the Company’s next phase of growth,” said Kam Shah, Partner at Linden.

David Wong, Managing Director at Audax, added, “We commend StatLab’s management team on building an extraordinary business, one that has been resilient despite the challenges posed by the COVID-19 pandemic. The Company is now well positioned to continue to grow both organically and through strategic acquisitions.”

In addition to Joe Bernardo and Michael Karsonovich, Gary Knight, Operating Advisor to Audax and former VP of Strategy & Corporate Development at VWR, Brian Miller of Linden and Keith Palumbo of Audax will join StatLab’s Board of Directors. Dan Eckert will remain on the Board.

Ropes & Gray LLP and Kirkland & Ellis LLP served as legal advisors to Audax and Linden, and Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive financial advisor. Robert W. Baird & Co. served as financial advisor to StatLab. Golub Capital provided debt financing for the transaction.

Contacts
Audax Private Equity
David Wong
Managing Director

 

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OmniActive Health Technologies Announces Strategic Investment from TA Associates to Accelerate Global Growth

TA associates

Mumbai, India and Morristown, N.J., — OmniActive Health Technologies, which offers a wide range of premium, scientifically-validated, natural nutraceutical ingredients, today announced that TA Associates, a leading global growth private equity firm, has acquired a significant stake in the Company, while Founder and Executive Chairman Sanjaya Mariwala has further increased his personal holding.

Financial terms of the transaction were not disclosed.

Established in 2005, OmniActive seeks to improve lives by enhancing nutrition and wellness through science and innovation. A leader in health solutions, the Company offers a range of premium natural ingredients that are innovative and scientifically-validated for dietary supplementation and nutritional fortification. OmniActive works with leading human nutrition brands and manufacturers across the world to improve the health and well-being of consumers through a solution-oriented approach. The Company has R&D and manufacturing operations in Pune, Hosur and Thane in India; and sales and distribution operations in the U.S., Europe, India, Asia, Australia and Latin America.

“We are pleased to welcome TA Associates as a strategic investor and partner for the next phase of OmniActive’s growth journey. We believe that TA has deep capabilities and experience investing in companies focused on nutritional ingredients, and shares OmniActive’s vision of bringing innovative, natural and science-based solutions to our customers and end consumers. We intend to leverage our strong management capabilities and TA’s distinctive M&A sourcing engine to drive programmatic M&A and in-licensing to continuously deliver innovation to our customers,” said Sanjaya Mariwala, Founder, Executive Chairman and Managing Director of OmniActive.

“We believe that the nutritional ingredients space will see strong growth over the next decade. OmniActive has built a strong reputation and deep customer relationships by focusing on natural, R&D-led innovative ingredients. We look forward to working together with Mr. Mariwala and the OmniActive management team to further accelerate the growth in this business through organic levers and M&A,” said Naresh Patwari, a Director at TA Associates Advisory Private Limited.

“We believe that TA’s global healthcare experience will be valuable in supporting OmniActive’s next phase of growth through continued organic growth and strategic acquisitions. OmniActive has been growing at an accelerated pace, driven by a portfolio of branded, innovative natural products with clinically supported health benefits, and we are excited to continue this growth journey and supporting our customers with TA as our new equity partner,” said Jim Hamilton, CEO of OmniActive.

“We are impressed by the quality of OmniActive’s business and customer franchise. We believe that OmniActive is well-placed to benefit from the strong growth in the nutraceuticals ingredients space, and look forward to our partnership,” said Dhiraj Poddar, a Managing Director at TA Associates Advisory Private Limited.

OmniActive Health Technologies, Everstone and Other Selling Shareholders were advised by Investec (sole Financial Advisor), DSK Legal and KPMG. TA Associates was advised by Houlihan Lokey USA, Shardul Amarchand Mangaldas and PriceWaterhouse Coopers.

About OmniActive Health Technologies
Established in 2005, OmniActive seeks to improve lives by enhancing nutrition and wellness through science and innovation. OmniActive’s extensive portfolio consists of natural, scientifically-validated, sustainable and IP-protected ingredients for global customers in dietary supplements and functional foods and beverages. Some of the Company’s leading brands include Lutemax®, Capsimax®, CurcuWIN®, Gingever, Xtenergy® and OmniXan®. OmniActive partners with customers through its sales and distribution networks in key markets worldwide, supported by three global R&D centers and best-in-class production facilities throughout India. The Company has offices in Mumbai, India and Morristown, New Jersey. For more information consult: www.omniactives.com

About Sanjaya Mariwala
Sanjaya Mariwala is a successful entrepreneur and business leader. Mr. Mariwala led Kancor Ingredients Ltd. previously, which he sold in 2014 to V Mane Fils of France. He is also a shareholder and director for various Mariwala Family enterprises, namely, Autohangar India Pvt Ltd, Food Service India Ltd., Setu Nutraceuticals and Edence Nutrition. Mr. Mariwala founded OmniActive in 2005 and has led the Company through its growth for the past 15 years. He currently serves as its Executive Chairman. In addition, he helped establish the Association of Herbal and Nutraceutical Manufacturers of India (AHNMI), and heads several initiatives within FICCI, CII, CRN and other industry shaping forums. Mr. Mariwala supports various charity initiatives with some notable examples being Vitamin Angels and OmniActive’s Improving Lives Foundation.

About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high-quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

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AM-Pharma announces enrollment and financing of COVID-19 cohort in phase III REVIVAL trial

GIlde Healthcare

  • First patients with COVID-19 enrolled in the REVIVAL Phase III study
  • COVID-19 patients with sepsis-associated acute kidney injury will be included in an exploratory cohort in the pivotal trial enrolling up to 1,600 SA-AKI patients overall
  • RVO, an agency of the Dutch Ministry of Economic Affairs and Climate Policy, provides a loan of up to €5 million for the COVID-19 cohort clinical study

Utrecht (the Netherlands) – AM-Pharma B.V., an emerging leader focused on the treatment of kidney disease, sepsis and organ injury, today announced that the first patients with COVID-19 infection and sepsis-associated acute kidney injury (SA-AKI) have been enrolled in the Company’s Phase III REVIVAL pivotal trial in an exploratory cohort to assess the safety, tolerability and clinical benefit of recombinant alkaline phosphatase.

Patients with severe COVID-19 infection often present with acute severe inflammation and organ failure. Recent studies conducted in the US demonstrated that up to 90% of the COVID-19 patients that received mechanical ventilation also suffered from AKI and that the development of AKI in these patients is associated with poor prognosis.1 AM-Pharma received an innovation credit of up to EUR 5 million from the “Netherlands Enterprise Agency” (RVO.nl), which has been established by the Dutch Ministry of Economic Affairs and Climate Policy to support the development of innovative programs with promising market potential.

“The ongoing coronavirus pandemic and the lack of treatment options for severe cases has been devastating for patients, their families and medical communities around the world,” commented Erik van den Berg, Chief Executive Officer at AM-Pharma. “The prevalence of COVID-19 infections and the high AKI comorbidity support our decision to include this additional cohort into our Phase III REVIVAL pivotal study. By providing our proprietary recombinant alkaline phosphatase to clinicians for evaluation in severe COVID-19 cases, we aim to make our novel treatment option available for these patients.”

The REVIVAL Phase III pivotal trial is a randomized, double-blind, placebo-controlled, two-arm, parallel-group, multi-center trial to evaluate the efficacy and safety of AM-Pharma’s proprietary human recombinant alkaline phosphatase for the treatment of patients with SA-AKI. The study will enroll approximately 1400 patients with SA-AKI in the main study population. In two exploratory cohorts, up to 100 patients with moderate Chronic Kidney Disease (CKD) and up to 100 patients with COVID-19 will be enrolled. The primary aim of the study is to confirm the improvement on the primary endpoint of 28-day all-cause mortality, as observed in the Phase II STOP-AKI study. Secondary endpoints include the treatment effect on long-term Major Adverse Kidney Events (MAKE), on the use of organ support, length of stay in the ICU and on 90-day all-cause mortality. Further information on this study can be found at www.clinicaltrials.gov, NCT04411472 (REVIVAL).

“We have seen the potential of AM-Pharma’s proprietary recombinant human alkaline phosphatase to benefit patients with sepsis and acute kidney injury, as demonstrated in the Phase II STOP-AKI study,” said John A. Kellum, M.D., Professor, Vice Chair Department of Critical Care Medicine and Director at the Center for Critical Care Nephrology at University of Pittsburgh. “This is very relevant for severe COVID-19 patients as many of these patients also experience AKI, with increased AKI severity being correlated with increased mortality.”

Professor Peter Pickkers, M.D., Ph.D., Chair of Experimental Intensive Care Medicine, Radboud University Medical Center, and principal investigator of the REVIVAL study added: “The relative reduction in mortality of 40% and significant improvement in renal function over the course of the Phase II STOP-AKI study period support the hypothesis that AM-Pharma’s drug candidate might provide a unique treatment opportunity for severe COVID-19 patients with acute kidney injury. I am excited to continue our collaboration with AM-Pharma for this trial.”

For the Phase III REVIVAL trial, potentially over 100 sites across Europe and North America are actively recruiting patients with SA-AKI in the trial. Enrollment completion of the first 400 patients in the main study population is expected by the end of 2021. The company expects to complete target enrollment and to announce data on the primary endpoint of 28-day all-cause mortality in 2023.

 

About AKI, Sepsis and COVID-19

Acute Kidney Injury (AKI) involves inflammatory processes in the kidney which can lead to complete loss of renal function. Hospital?acquired AKI affects annually around 3 million patients in Europe, the US and Japan, and is associated with mortality in roughly 700,000 patients. It occurs in 40-60% of critical care admissions. Depending on the severity and cause of renal injury, mortality ranges from 10% to as high as 60%. In the US alone, hospitals spend around $10 billion each year on managing this major medical problem.

Sepsis is a condition that is responsible for 1 out of 3 deaths in hospitals and is defined as life-threatening organ dysfunction caused by a dysregulated host response to infection. The kidney is the most commonly affected organ, resulting in SA-AKI and significantly increasing the risk for mortality and morbidity in sepsis. No singular effective therapy to alter the progression of these devastating conditions has been approved, while the healthcare burden for sepsis in the US alone is $16.7 billion on an annual basis.

In patients with COVID-19 requiring ICU care, the prevalence of AKI is 46% and up to 90% in COVID-19 patients who need mechanical ventilation. Development of AKI is associated with a poor prognosis with a mortality rate of approximately 50%. There is currently no treatment available for COVID-19 patients with AKI other than renal replacement therapy. Non-surviving patients have severe inflammation and excessive immune activation.

About recombinant alkaline phosphatase

AM-Pharma’s therapeutic candidate is a proprietary recombinant human Alkaline Phosphatase (AP) constructed from two naturally occurring human isoforms of the AP enzyme. The Company’s compound is highly stable and active and has a dual mechanism of action via dephosphorylation of lipopolysaccharides (LPS) and extracellular ATP. AM-Pharma has shown that treatment of patients with exogenous AP not only reduces local and systemic inflammation but also protects the kidney against further damage.

About AM-Pharma

AM-Pharma’s purpose is to save and improve the lives of patients confronted with kidney disease, sepsis and organ injury. Our initial focus is sepsis-associated acute kidney injury, the cause of death for hundreds of thousands of people hospitalized each year. Our proprietary recombinant human alkaline phosphatase has the potential to become the first treatment for sepsis-associated acute kidney injury and is now in a global pivotal Phase III clinical trial. We are a dedicated team driven to bring treatment options to severely ill patients, their families and acute care professionals. Find out more about us online at www.am-pharma.com.

About Gilde Healthcare

Gilde Healthcare is a specialized healthcare investor managing over $1.5 billion across two fund strategies: venture & growth capital and private equity. Gilde Healthcare’s venture & growth capital fund invests in fast growing companies active in digital health, MedTech and therapeutics. The venture & growth companies are based in Europe and North America. For more information, visit the company’s website at www.gildehealthcare.com.

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Altamir to invest in Mentaal Beter via the Apax France X fund

Altamir

Paris, 8 January 2021 – Apax Partners SAS has reached an agreement with NPM Capital NV to acquire 100% of the NL Mental Care Group B.V. (Mentaal Beter), an innovative mental health care service provider in the Netherlands, operating through the brands Mentaal Beter, Vitalmindz, Alleskits and Opdidakt. This acquisition would be taken alongside the company’s management team who will retain a stake in the company and will continue to lead the business.
This significant investment would enable Mentaal Beter to accelerate its digitalisation strategy to further improve access and quality of care in the coming years. Mentaal Beter also wants to internationalise its unique business model and skills across Europe.
The intended acquisition is subject to approval by the relevant authorities (the Dutch Healthcare Authority (NZa) and the Dutch Competition Authority (ACM)).

Mentaal Beter, initially a franchise model, has grown into a successful network of mostly owned practices with more than 120 locations across the Netherlands. Since 2013, with the active support of NPM Capital, the firm has invested in company training for psychologists to become licensed therapists, as well as IT systems and E-health capability. In addition, Mentaal Beter has strengthened and modernised its structure by setting-up an effective central shared service center that handles most administrative tasks, allowing therapists to focus on patients’ care.

About Altamir
Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with an investment portfolio of more than €1.2bn. Its objective is to provide shareholders with long-term capital appreciation and regular dividends by investing in a diversified portfolio of private equity investments.
Altamir’s investment policy is to invest via and with the funds managed or advised by Apax Partners SAS and Apax Partners LLP, two leading private equity firms that take majority or lead positions in buyouts and growth capital transactions and seek ambitious value creation objectives.
In this way, Altamir provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Consumer, Healthcare, Services) and in complementary market segments (mid-sized companies in continental Europe and larger companies in Europe, North America and key emerging markets).
Altamir derives certain tax benefits from its status as a SCR (“Société de Capital Risque”). As such, Altamir is exempt from corporate tax and the company’s investors may benefit from tax exemptions, subject to specific holding-period and dividend-reinvestment conditions.
For more information: www.altamir.fr
Contact
Claire Peyssard Moses
Tel.: +33 1 53 65 01 74 / E-mail: investors@altamir.fr

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