Charles Russell Speechlys has advises Kreos Capital on the sale of Creabilis plc
Charles Russell Speechlys has advised Kreos Capital on the sale of its stake in Creabilis plc, a privately held specialty pharmaceutical company focused on developing first-in-class topical treatments for common inflammatory skin conditions, including psoriasis, atopic dermatitis and pruritus (itch) to Sienna Biopharmaceuticals, Inc., a privately held, clinical-stage medical dermatology and aesthetics company. Under the terms of the agreement, Sienna will make an undisclosed upfront payment in cash and stock, as well as additional payments contingent upon achieving specific regulatory and commercial milestones, which could exceed $150 million in aggregate.
“The acquisition of Creabilis is transformative, expanding Sienna’s innovative and diversified pipeline,” said Sienna President and Chief Executive Officer Frederick C. Beddingfield III, M.D., Ph.D., who formerly developed leading dermatology and aesthetics brands such as BOTOX® Cosmetic, JUVÉDERM®, LATISSE®, KYBELLA®, ACZONE® and TAZORAC®. “Both the TrkA and TrkA/JAK3 programs offer the potential of highly differentiated topical treatments for inflammatory skin diseases and pruritus. Furthermore, the addition of the groundbreaking “Topical by Design” technology will allow Sienna to discover and develop innovative new drug candidates for areas of high unmet need in dermatology.
Chris Putt commented, “The complexity of project managing the multiple jurisdictions this deal spanned across, is further evidence of our international reach and shows our Luxembourg office’s strength in the financial services sector.”
News & Insights
Charles Russell Speechlys named as one of the 1000 Companies to inspire Britain 2018
1000 Companies to Inspire Britain is an annual celebration of some of the fastest-growing and most dynamic SMEs in the UK.
Takeover Code amendments: what you need to know and how the new rules will change the takeover process in practice
We highlight what you need to know and explain how the new rules will change the takeover process in practice.
Charles Russell Speechlys advises on the management buy-out of Principle Cleaning Services
PCS is a market leader in providing corporate, commercial cleaning in London to some of the most famous landmark buildings in the Capital.
Charles Russell Speechlys advises Civica on the acquisition of Nationwide Retail Systems Limited
NRS is an established provider of integrated payment solutions, most notably for the education sector.