Global Healthcare PE Deals Tracker - January 2018 Update


Global Healthcare PE Deal Tracker

A monthly newsletter

January 2018


In the first volume of Global Healthcare PE Deal Tracker for 2018, we see that the value of deals has significantly gone up vis-à-vis December 2017. Total 67 deals were done during the last month, amounting to total investment of USD 2.5 billion, compared to USD 1.4 billion in December 2017. The average size was USD 37 million, marginally lower than in the previous month. This month, deals were also spread across multiple domains. However, January also saw deals in generics (pharma) domain


- Team Wisdomsmith



  1. BioPharma continued to be the dominant space attracting the largest pie, cornering nearly 1/3rd investment. Total 21 deals happened in this space, with USD 711 million money committed.
  2. Health Tech stood at number 2, garnering USD 392 million investment.
  3. Oncology continued to be the hot favourite therapeutic segment among the investors fraternity. It garnered USD 369 million investment. Though number of deals were just 4. Biggest deal worth USD 270 million happened in this space.
  4. Other spaces which generated good interest among the investor were – Diagnostics (USD 258 million), Digital Health (USD 220 million), and Healthcare Services (USD 208 million).
  5. Top 3 deals were – BioNTech (Oncology) which garnered USD 270 million, SomaLogic (Health Tech), which got USD 200 million, followed by Insightec (Diagnostics), which got USD 150 million.
  6. OrbiMed was one of the most prolific investors, making 9 investments
  7. Other deals were in the area of Devices, Generics, Opthal, CNS and CRMO



BioPharma (Deal Count 21, USD 711 mn)

  1. Biggest deal happened with Gossamer Bio, Inc., USA, which raised USD 100m from Omega Funds and a Series A Preferred Stock round co-led by ARCH Venture Partners and Omega Funds. It is focussed on Discovering and Developing a Pipeline of Novel and Differentiated Drug Candidates. It’s focusing on multiple disease areas (which it hasn’t disclosed) and look to develop and offer specific therapies for targeted patient groups
  2. For instance, KBP Biosciences, USA, which got USD 76 mn, from Advantech Capital and SDIC Venture Capital. A drug development company, it is working on an innovative pipeline of New Chemical Entities with known mechanisms of action in areas of unmet medical need in Cardiovascular, Infectious Disease, Respiratory, Inflammatory and Autoimmune diseases. Over 10 years, KBP has built a library of over 3mn small chemical compounds. These compounds have unique chemical structures and high potency, compounds synthesized based on different core structures that cover almost all known core structures, and a natural product library of compounds extracted from plants, marine organisms and microorganisms. Using its proprietary bio-evaluation technology platform, it identifies and works on unique molecule that fit global unmet medical needs
  3. Intuity Medical Inc., USA, which raised USD 70 mn, from BVF Partners, GV, Casdin Capital, EcoR1 Capital, Section 32, Third Rock Ventures and Alexandria Venture Investments. Focused on diabetes space, Intuity has developed the first automatic blood glucose monitoring system designed to make testing easy, convenient and discreet. Intuity's POGO® Automatic™ Blood Glucose Monitoring System aims to transform blood glucose testing. POGO is designed to integrate your test strips, lancets and lancing device into one compact meter and cartridge system to make testing easy, convenient and discreet. Since all the test supplies are completely integrated, POGO automatically lances your finger, collects your blood sample and provides test results in just One-Step™.


Health Tech (Deal Count 9, USD 392 mn)

  1. SomaLogic, USA, was the biggest deal in this space, getting USD 200 mn from multiple investors, iCarbonX, Nan Fung Life Sciences, Madryn Asset Management. Company aims to provide regular insights to help them successfully manage their personal health and wellness. It uniquely delivers these actionable insights from the SOMAscan Platform, a health information system based on comprehensive protein measurements, to a global network of partners and users. Its technology is based on Proteomics, because, proteins give our cells structure, guide development, allow the body to move, help fight infection, transport molecules such as oxygen, and regulate complex systems such as blood sugar and mood. The SOMAscan® Assay is an unprecedented protein biomarker discovery and development tool. Protein measurements provide a real-time picture of what is happening in our bodies at any given time.
  2. DNAnexus Inc, USA, raised USD 58 mn from Foresite Capital. DNAnexus provides a global network for sharing and management of genomic data and tools to accelerate genomics. Its platform powers genomics by enabling companies do three things -  Analyze massive volumes of raw sequencing data quickly, securely, and economically; Integrate genomic data with clinical and other phenotypic data in a secure and compliant environment; Collaborate seamlessly and safely.
  3. Jopari Solutions Inc, USA, raised USD 41 mn from WestView Capital Partners. Company is focused on The electronification of medical claims and payments. It offers a performance based electronification of medical transactions for Group Health, Property & Casualty and Workers’ Compensation.


Oncology (Deal Count 4, USD 369 mn)

  1. BioNTech, Germany, raised USD 270 mn, from Struengmanns, Redmile Group, Janus Henderson Investors, Invus, Fidelity.  BioNTech is developing the next generation of personalized immunotherapies to help revolutionize the treatment of people with cancer and other debilitating diseases. The Company combines all building blocks of individualized immunotherapy under one roof – from diagnostics and drug development to manufacturing. Its cutting-edge technologies range from individualized mRNA-based medicines through innovative chimeric antigen receptors and T-cell receptor-based products to novel checkpoint immunomodulators.
  2. Eureka Therapeutics Inc, USA, raised USD 60 mn from Acorn Pacific Ventures. Eureka Therapeutics is a clinical-stage biopharmaceutical company focused on the development of novel immunotherapies designed to harness the power of a patient’s own immune system to improve the lives of patients with cancer. Eureka Therapeutics has developed a unique strategy for engineering T cell therapies against solid tumors. Combined with its novel T cell signaling platform, ARTEMIS™, it aims to improve upon the efficacy and safety of current T cell therapies.


Diagnostics (Deal Count 5, USD 258 mn)

  1. Insightec, Inc, USA raised USD 150 mn from Koch Disruptive Technologies. INSIGHTEC’s MR-guided focused ultrasound technology is a game-changing innovation that allows performing surgical procedures with surgical precision but without incisions. The company’s non-invasive therapy platforms, Exablate and Exablate Neuro, are proven technology based on sound clinical evidence for treating essential tremor, painful bone metastases and uterine fibroids.
  2. Personal Genome Diagnostics Inc, USA raised USD 75 mn from Bristol-Myers Squibb, NEA. Company focused on developing a portfolio of regulated tissue-based and liquid biopsy genomic products for laboratories worldwide. It offers analysis for all types of cancer alterations, sequence mutations, copy number alterations, and translocations


  1. VillageMD, USA, a healthcare services company, raised USD 80 mn from Athyrium Capital Management. The company works with primary care doctors and help them to better serve their patients. Primary care physicians often want to do more for their patients, but they can't. Their patients need disease education, counseling, a psychologist, a better place to live, a way to afford their medicine, or personal care items not paid for by insurance. VillageMD enables them to address the most important issues impacting their patients' health and wellbeing. This includes education and guidance on their journey to health or making sure important follow ups, like retinopathy screenings for diabetes, do not fall through the cracks. And physicians are rewarded and get to share in the value created.
  2. SoYoung, China, a online marketplace for aesthetic medical treatments, raised USD 60 mn from Apax Digital. SoYoung started with an idea for creating better lunch bags. Company believes that by designing beautiful lunch bags, people be inspired to plan better meals, empowering them to meet their healthy eating goals, save money, and feel good about themselves. And of course lead a happy and healthy life



Wisdomsmith is a research driven transaction advisory outfit, with pharma / healthcare as its main focus area. The firm also runs sector focussed angel platform Wisdom Angels, which invests in healthcare, wellness and nutrition.

Service Lines


  • Consulting: Growth strategy and business plans, Annual reviews and performance benchmarking, valuation opinion
  • Fund Raise – Equity / Debt
  • Strategic – JVs/ M&A
  • India
  • Japan
  • Russia
  • Australia
  • Middle East



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