AiPharma Signs Heads of Agreement to Acquire a Controlling Interest in a Pharmaceutical Business with Global Innovation, Manufacturing, Distribution Footprint, and Revenues in Excess of $450 Million 

The transaction is a strategic opportunity to position Cellvera as a fully integrated biotech innovation company
 

Delaware, USA – December 1st, 2021 – Cellvera Global Holdings LLC (“Cellvera” or the “Company”) has signed a Heads of Agreement with an international pharmaceutical business to acquire a controlling interest. Cellvera is a company focused on discovering, developing and commercializing antiviral therapies across a broad spectrum of infectious diseases. Cellvera holds directly, or through its affiliates, worldwide (excluding Japan) exclusive rights to Avigan (Favipiravir) a broad spectrum oral antiviral treatment that targets COVID-19 and 11 other classes of infectious diseases.
 

The potential acquisition presents an opportunity to accelerate Cellvera’s key innovation, operation, and commercialization goals starting in early 2022 as follows:
 

•    Expansion to an existing portfolio of innovative molecules 
•    Integration of global manufacturing capabilities into current operational infrastructure
•    Global distribution network offering additional channels for AiPharma’s current and future products
•    Compelling financial profile, the target acquisition has diversified annual revenues in excess of $450M USD
 

“This proposed transaction has the potential to accelerate Cellvera’s overall business goals and its ability to develop and commercialize new molecules and drugs at a more rapid pace. We look forward to advancing this opportunity that allows us to execute on our strategy of growth, global expansion and product portfolio diversification, creating long-term value for investors and stakeholders.” stated Dr. Alessandro Gadotti, CEO Cellvera Group.
 

Cellvera has secured a commitment up to 650M USD from a multi-family office for the funding of this acquisition.

The acquisition and the relative funding is subject to confirmatory due diligence, entry into a definitive agreement based on agreed terms and other closing conditions, including regulatory, board and shareholder approvals.

 

About Cellvera

Cellvera is a biopharmaceutical company focused on discovering, developing, and commercializing oral therapies to address the unmet medical needs of patients with life-threatening viral diseases. Leveraging the Company’s deep understanding of antiviral drug development, nucleotide chemistry, biology, biochemistry, and virology, Cellvera has built a nucleotide prodrug platform to develop novel product candidates to treat
single-stranded ribonucleic acid, or ssRNA, viruses, which are a prevalent cause of severe viral diseases.

Currently, Cellvera is focused on the clinical and commercial development of orally available, potent, and selective nucleotide prodrugs for
difficult-to-treat, life-threatening viral infections, including severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes COVID-19, dengue virus, hepatitis C virus (HCV) and respiratory syncytial virus (RSV). Cellvera also holds exclusive commercial rights for Avigan in Russia and China. 
 

For more information, please visit www.aipharmalab.com.