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DLA Piper Advises on Sale of Panoptes Pharma to EyeGate Pharmaceuticals

DLA Piper Advises on Sale of Panoptes Pharma to EyeGate Pharmaceuticals

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DLA Piper has advised Panoptes Pharma co-founders Franz Obermayr and Stefan Sperl and other unspecified shareholders on the sale of 100% of the company to EyeGate Pharmaceuticals. Frotz Riedl in Austria and Burns & Levinson in the US reportedly advised the buyer.

Financial details of the transaction were not disclosed.

EyeGate Pharmaceuticals is a clinical-stage specialty pharmaceutical company focused on developing and commercializing products for treating diseases and disorders of the eye. The company is listed on Nasdaq and is headquartered in Waltham, Massachusetts.

Panoptes Pharma is a privatively-held Vienna-based clinical stage biotech company focused on developing treatments for severe eye diseases.

According to DLA Piper, “Dr. Franz Obermayr and Dr. Stefan Sperl, [along with] the institutional and strategic investors, sold their stake by way of a share swap and now hold an interest in EyeGate.” The firm also reported that, “under the terms of the agreement, Panoptes became a wholly owned subsidiary of EyeGate and its co-founders became part of the EyeGate management team.”

DLA Piper’s team consisted of Partner Christoph Mager, Counsel Johanna Holtl, and Senior Associate Christian Knauder.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.