Bionest acted for Marinomed in its out-licensing deal with Boehringer Ingelheim
PARIS & NEW YORK--(BUSINESS WIRE)-- Bionest Partners, a provider of advisory and management services to Life Sciences companies, announces today it had advised Austrian company Marinomed on anti-viral nasal spray licensing agreement with the international pharmaceutical group Boehringer Ingelheim.
This nasal spray is based on Marinomed’s anti-viral respiratory technology platform mavirex.
The deal signed between the two companies aims to further extend marketing of Marinomed’s anti-viral nasal spray for the treatment of the Common Cold to all of Europe (except Austria and UK), Russia and CIS, South Africa, parts of Asia and Australia.
Marinomed will receive an upfront payment in the million EUR range from Boehringer Ingelheim, in addition to payments upon the achievement of certain market entry milestones and royalties. Further Financial details were not disclosed.
Frédéric Desdouits, Managing Partners of Bionest Partners in charge of European biotechnologies and transactions said: “This deal on a medical device for the OTC market demonstrates our knowledge and capabilities in negotiating with great success sell-side mandates between a biotech company and major pharmaceutical groups like Boehringer Ingelheim. We are very proud of this result for Marinomed. This new success in the field of transaction advisory testifies the unique positioning and the excellence contribution of Bionest Partners’ teams.”
About Bionest Partners
Bionest Partners provides financial advisory and management services to help biotechnology, specialty pharmaceutical, large pharmaceutical companies; medical device companies and their shareholders maximize the value of their assets. The company, based in Paris with offices in New York and founded in 2003, has a broad customer base ranging from biotech start-ups to large and established companies. Bionest Partners has wide experience with more than 100 clients including Pfizer, Sanofi Aventis, GSK, Novartis, Biogen Idec, Bayer Schering Pharma, Millennium, Idenix, ProStrakan, Stallergenes, Innate Pharma, Genfit, Jubilant, Axa Private Equity, Blackstone, Candover. The company offers a hands-on approach and its areas of expertise include management consulting (strategy, organization, marketing, due diligence, surrogate management), corporate finance (private placement, IPO support, out-licensing, in-licensing, mergers and acquisitions), entry into Europe (assessment, strategy, go-it-alone/partnering, management support). Bionest has a strong and growing team of consultants as well as a network of associate members it can deploy to address specific client assignments.
For more information: www.bionest.com
BIONEST PARTNERS :
Frédéric Desdouits – Managing Partner
Tél : 01 58 05 14 05
Email : [email protected]
MILESTONES – Press Relations :
Bruno ARABIAN – Jacques-Olivier COSTA
Phones: +33 (0) 1 75 44 87 40 / 42
E-mails: [email protected] / [email protected]
KEYWORDS: Austria United States Europe North America France New York
INDUSTRY KEYWORDS: Health Biotechnology Clinical Trials Medical Devices Pharmaceutical Research Other Science Diabetes Medical Supplies Science