Berlin – SMP's Martin Schaper advised 1717 Life Science Ventures on the sale of its stake in drug developer PENTIXAPHARM to Eckert & Ziegler Strahlen- und Medizintechnik AG. In the course of the transaction, Eckert & Ziegler acquired a direct majority stake in PENTIXAPHARM, a joint venture between Scintomics GmbH and 1717 Life Science Ventures GmbH.
SMP had already advised on the establishment of the joint venture in 2019.
With a solid history of building successful radiopharmaceutical startups, the 1717 team has personal experience in all key functions of an early-stage radiopharmaceutical development company. PENTIXAPHARM is developing a radiopharmaceutical combination product for lymphoma and a number of related tumors. Together with an internal transfer, Eckert & Ziegler says it will directly hold around 83% of the shares in the Würzburg-based company after the closing. The management of PENTIXAPHARM, which holds the remaining 17% of PENTIXAPHARM shares, also received put options on the remaining shares as part of the share sale. Further information can be found here.
Advisors 1717 Life Science Ventures GmbH: SMP
Dr. Martin Schaper, Partner
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