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PowderJect acquires Swedish company SBL Vaccin

Executive Summary

PowderJect Pharmaceuticals (needlefree injection systems) acquired Active Biotech's wholly owned subsidiary SBL Vaccin AB (travel vaccines) for $50.2mm (UK35.4mm) up front--$12.6mm in cash and the remaining through the issuance of ordinary shares--to enhance its vaccine pipeline and increase its sales, marketing, and distribution efforts.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Drug Delivery
    • Vaccines
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Earnout
    • Intra-Biotech Deal
    • Payment Includes Cash

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