Every week should start like this…..
11+years ago we were approached and engaged to assist in the ultimately successful $60m PIPE and go public transaction for an early stage neurosciences company called Intra Cellular at $3.17 a share at a sub $100m post money valuation . With (then) two promising early clinical stage assets, today Intra-Celluar Therapies has transformed into a powerhouse.
It has the first and only approved treatment for bipolar 1 and 2 in Caplyta, is approved for the treatment of schizophrenia in adults and has a robust and promising clinical stage pipeline of potential best in class assets related to generalized anxiety disorder and Alzheimer’s disease related psychosis and agitation.
Fast forward to today, J&J has acquired the company for $14.6 billion at $132 a share, bringing a long and successful, albeit rocky, road as a stand alone company to an end.
We celebrate the news, the company’s entire management group and employees, and most importantly, all the team and investors who 11+ years ago diligenced, assisted and facilitated that initial financing and bet on the science, ultimately proving again small teams and platforms can compete effectively and efficiently while creating powerful long term and impactful drugs AND returns.
#NEWS: Today we announced an agreement to acquire Intra-Cellular Therapies, a biopharmaceutical company focused on the development and commercialization of therapeutics for central nervous system disorders.
Building on our nearly 70-year legacy in neuroscience, this acquisition complements our current areas of focus in neuroscience, broadens our portfolio of transformational therapies and strengthens our ability to pioneer the next era of impactful and innovative medicines.
Please refer to today’s full announcement for key information and cautionary statements: https://lnkd.in/eNc4MTrC
#JNJ #Innovation
Sales and business development with an emphasis on healthcare
2moEver consider… skill sets and how education and roles intersect? Sales… leadership… KOLs? What about corporate training? Nurses and teachers? When I was a rep… I found folks with education backgrounds to be both interesting and highly “effective”… (teacher lingo in a sales layering of curency)… Now, think broader…. Industry and Value and what types of skills and resources get brought to medical eco systems? These are challenging skill sets… the value and values while also not usurping. And… the humility beyond snacks… yet, what is the cost/price/valuation of the price of “T”? These realities of translations and medical schools and trust building and data and engagement… breathe… it’s a lot… data and replication and downstream marketing and what MVP needs in “ignite” or “builder” hockey stick realities of silos and organizational bettering… #LoveEVICTShate #CredoWorks