On March 12, 2024, Linden Capital Partners, a private equity firm focused exclusively on the healthcare industry, announced the completion of its acquisition of Alcresta Therapeutics, a leader in commercializing novel enzyme-based products designed to address challenges faced by patients living with gastrointestinal disorders and rare diseases. Alcresta recently announced 510(k) clearance of its next-generation RELiZORB® (iMMOBILIZED LIPASE) cartridge by the Center for Devices and Radiological Health of the U.S. Food and Drug Administration. The next-generation RELiZORB device was developed to address the enteral nutrition needs of a wider population of patients living with rare diseases and is expected to launch in Q2 2024.
The WilmerHale team representing Alcresta was led by Hal Leibowitz, Caroline Dotolo, J.C. Minko, Taylor Mielnicki, Molly Nelson, and Meghan McDuff, with support from Kim Wethly, Scott Kilgore, Justin Ochs, Chalyse Robinson, Julie Hogan Rodgers, Steven Barrett, Kirk Nahra, Doug Burton, Bruce Manheim, Hartmut Schneider, Barry Hurewitz, David Gold, Atul Jain, Alex Dean, Simona Altshuler, and Carla Gilbertson.