Spoke Sciences Acquires “Snac” Drug Delivery Platform That Improves Bioavailability Of Nutritional Supplements And Drugs

Jul 25, 2023•almost 2 years ago

Acquiring Company

Spoke Sciences

Acquired Company

SNACDrug Delivery

Bainbridge IslandCommerce and Shopping

Description

Spoke Sciences, Inc. (Spoke), an ingredient technology company developing innovative approaches to provide better, safer, and more reliable functional ingredients for foods, beverages, and cosmetics, has acquired a proven platform technology “SNAC” to expand its portfolio.

Company Information

Company

Spoke Sciences

Location

Bainbridge Island, Washington, United States

About

Spoke Sciences is an ingredient technology company developing innovative approaches to provide better, safer, and more reliable functional ingredients to foods, beverages, and cosmetics. Spoke’s team of pharmaceutical and consumer products industry veterans bridges the best ideas from pharma and applies them in novel ways to improved consumer goods. For more information about Spoke Sciences, its patented technologies and exciting new consumer products, visit: www.spokesciences.com.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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Spoke Sciences Acquires “Snac” Drug Delivery Platform That Improves Bioavailability Of Nutritional Supplements And Drugs

Description

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Company Information