Brought to you by 
Elan to spin off drug discovery business into Neotope; complete, now called Prothena
04 Mar 2013
Executive Summary
Elan Corp. PLC (neurodegenerative and autoimmune diseases) is planning to spin off its discovery science business into Neotope Biosciences PLC, which will be an independent publicly traded company in the US. Elan will invest $120-130mm in equity into the start-up for a 14-18% stake; it anticipates completing the transaction by the end of this year.
Deal Industry
- Pharmaceuticals
-
Biotechnology
- Drug Discovery Tools
-
Large Molecule
- Antibodies
Deal Status
- Final
Deal Type
-
Financing
- Private Placement
- Spin-Off
Already a Biomedtracker subscriber?
You have access to the full deal record through your subscription
Want to become a subscriber?
Subscribers get more deal details, updates, deal financials and deal products.
Questions?
Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
Related Companies
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Elan to spin off drug discovery business into Neotope; complete, now called Prothena
Email Deal
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
DCD.EmailPopout.Notice