Back Bay Life Science Advisors Serves as Advisor to Action Pharma for the Sale of AP214 to Abbott

May 3, 2012

Back Bay Life Science Advisors served as the primary advisor to Action Pharma and its Board of Directors in the sale of Action Pharma’s renal protectant asset AP214 to Abbott Laboratories, a world leader in renal diseases.  Pursuant to the press release dated May 3, 2012 (http://www.abbott.com/news-media/press-releases/abbott-to-acquire-action-pharmas-investigational-compound-ap214-in-phase-2b-development-for-preve.htm), Abbott will pay Action Pharma $110 million for worldwide development and commercialization rights to AP214 – a novel therapeutic for the treatment of acute kidney injury. 

Back Bay Life Science Advisors offers strategic consulting for R&D, commercial, corporate, and business development needs of life science companies.  Our model, which mandates that scientific, clinical, commercial, and transactional expertise are contiguous, provides clear differentiation in business development execution.  This approach provided critical insights as we prepared for and executed this transaction.

Prior to launching the transaction process, Back Bay determined commercial and R&D strategic directions for Action Pharma, performed deep scientific due diligence and clinical trial data analysis as well as additional analysis of regulatory, market, and commercial dynamics for AP214.  Consistent with our model, we then served as the embedded business development team for Action Pharma executing on all phases of the transaction process.  Our deep insights driven by our collective expertise enabled us to optimally position AP214 among potential partners and ultimately ensured a successful outcome for Action Pharma.

Back Bay Life Science Advisors uniquely delivers on the premise that deep life sciences knowledge, insight, and experience across the technical, clinical and operational spectrum create successful business decisions and implementation.  Through expertise across every major phase in a company’s lifecycle, we deliver fully integrated business strategies and execution that produce optimal results and a platform for sustainable, profitable growth. 

 

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