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Breath Therapeutics Snapped Up Post Series A By Specialty Company Zambon

 
• By John Davis

Italy’s privately held Zambon could pay up to €500m to bulk up its respiratory products pipeline, producing a nice return for Breath Therapeutics’ syndicate of European investors.  

Lungs
• Source: Shutterstock

Italy’s Zambon Co. SPA has paid an initial €140m to acquire the VC-backed German/US biotech, Breath Therapeutics Holding BV in a move that strengthens the specialty products pipeline of the mid-sized European pharmaceutical company, brings US-based clinical and regulatory expertise, and provides a significant return for investors in Breath Therapeutics, which raised €43.5m in a series A round in 2017.

The deal is the largest in Milan-headquartered Zambon’s history and adds a second potential therapeutic candidate to the company’s late-stage respiratory products pipeline, which also includes a colistimethate sodium-containing nebulizer to prevent pulmonary exacerbations in adult

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