JanOne Inc. Agrees to Acquire Soin Therapeutics LLC

September 16, 2022

JanOne Inc. has executed a term sheet to acquire Soin Therapeutics LLC and its patent-pending low-dose naltrexone formulation (to be named JAN123) for the treatment of Complex Regional Pain Syndrome (CRPS). The deal is valued at $13 million up front with up to $17 million in additional contingent payments (total up to $30 million); JanOne expects to advance JAN123 into GMP manufacturing and file an IND in 2023.

Buyers
JanOne Inc.
Targets
Soin Therapeutics LLC
Industry
Pharmaceuticals
Location
Ohio, United States
Transaction Type
Buyout

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