Allergan to Acquire Bonti for $195M

Allergan has agreed to acquire Bonti, Inc., a privately held clinical-stage biotechnology compa-ny focused on the development and commercialization of novel, fast-acting neurotoxin pro-grams for aesthetic and therapeutic applications, for an upfront payment of $195 million and additional potential commercial milestone payments.

Following completion of the acquisition, Allergan will obtain global rights to Bonti's pipeline consisting of two botulinum neurotoxin serotype E (BoNT/E) programs currently in Phase 2 de-velopment, EB-001A (aesthetic) and EB-001T (therapeutic). The active ingredient in both pro-grams, EB-001, is a novel botulinum neurotoxin serotype E (BoNT/E) with a unique clinical pro-file, characterized by a rapid onset of action within 24 hours and a 2 to 4-week duration of ef-fect. Bonti recently announced topline results of the first clinical study of EB-001 in glabellar frown lines. The study confirmed both the safety and efficacy of the differentiated profile.

In the U.S. there are currently approximately 65 million consumers who are considering facial injectable treatments, including some who may be interested in being treated with a faster acting shorter-duration product.

"The acquisition of Bonti is a strategic investment for the future of our medical aesthetics business and has the potential to enhance our best-in-class medical aesthetics pipeline," said Brent Saunders, chairman and chief executive officer, Allergan. "With the medical aesthetics market vastly expanding, a fast-acting neurotoxin with a 2 to 4-week duration will be an attrac-tive option for consumers, particularly those who are considering a medical aesthetics treat-ment for the first time."

"We're excited about the development and commercial prospects for our novel programs with-in Allergan's leading medical aesthetics portfolio," said Fauad Hasan, chief executive officer and co-founder at Bonti. "The promise of benefitting more consumers worldwide with our nov-el neurotoxin programs plus Allergan's stature and resources in this market will help realize our team's and investors' aims. We could not envision a more compelling acquirer or better strategic fit."

Read More: Allergan to acquire Australian biotech startup Elastagen

-----------------------------------------------------------------------------
Editor's Note:

To apply for becoming a contributor of En-CPhI.cn,

welcome to send your CV and sample works to us,

Email: Julia.Zhang@ubmsinoexpo.com.