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Explore key earnout achievement insights from the 2025 SRS Acquiom Life Sciences M&A Study, including a focused look at life sciences M&A milestone achievement broken down by:
- Industry sector: Biotechnology & Pharmaceuticals, Medical Devices, and Diagnostic Research Technologies
- Structure: Commercial vs. development milestones
- Timing: Milestones paid closer to closing or tied to earlier development stages
This info sheet draws on our expansive 2025 Life Sciences M&A Study, which features data-driven insights from 466 private-target life sciences transactions, including 342 with an earnout and 242 that had at least one milestone due by mid-2025. Based on a mature, 15-year data set, the study explores how often earnouts pay, which factors might influence milestone success, and more.
Kip Wallen
Senior Director, Thought Leadership tel:720-452-5364
Kip Wallen is a senior director leading the SRS Acquiom thought leadership practice. He leverages his extensive expertise and SRS Acquiom proprietary data to produce resourceful content regularly utilized by market practitioners. Kip has broad experience in M&A and provides guidance on market standards and trends.
Previously, Kip was a Director with the SRS Acquiom Transactional Group, where he collaborated with clients and counsel to negotiate M&A documents including purchase, escrow, payments, and other transactional agreements. Before joining SRS Acquiom, Kip was an attorney with a Denver-based boutique business law firm where he assisted clients with M&A transactions as well as general corporate governance and securities matters.
Kip is an avid supporter of the Colorado Symphony, serving as Treasurer and Trustee. He is an active participant on the American Bar Association’s M&A Committee. In 2016, Kip completed Leadership 20 with the Denver chapter of the Association for Corporate Growth.
Kip received his J.D. from the Sturm College of Law at the University of Denver and an M.S. in Economics, B.S. in Economics and B.A. in International Relations from Lehigh University. He is a member of the Colorado bar.