Vaccitech plc Acquires Avidea Technologies to Expand SNAPvax Pipeline
December 13, 2021
Vaccitech plc acquired US-based Avidea Technologies, Inc. for approximately $40 million (about $12.5M cash and $27.5M in Vaccitech ADS) plus potential milestone payments. The deal brings Avidea's SNAPvax™ nanoparticle platform and early-stage product candidates into Vaccitech's pipeline, expands Vaccitech's U.S. R&D presence, and adds Avidea co-founders to Vaccitech's scientific team.
- Buyers
- Vaccitech plc
- Targets
- Avidea Technologies, Inc.
- Sellers
- Avidea's existing shareholders
- Industry
- Biotechnology
- Location
- Maryland, United States
- Transaction Type
- Buyout
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