Deals In Depth: May 2019
As it plans to focus on core therapy areas following the Shire acquisition, Takeda divested dry eye drug Xiidra to Novartis for up to $5.3bn. 3M bought wound care firm Acelity from an investor consortium led by Apax partners for $6.7bn. Both pharma and device financing was up over the previous month, with strong showings from debt offerings.
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Coming year could feature first-time approvals in the EU for at least five gene therapies.
Sangamo licensed Biogen zinc finger protein transcription factor candidates in an alliance worth over $2bn. Exercising an option it gained in 2017, Takeda bought celiac disease-focused PvP Biologics for up to $330m in earn-outs. A strong showing of IPOs prompted biopharma financing to increase from last month.
Derived from Strategic Transactions, Informa’s premium source for tracking life sciences deal activity, the Dealmaking column is a survey of recent health care transactions listed by relevant industry segment – In Vitro Diagnostics, Medical Devices, and Pharmaceuticals – and then categorized by type – Acquisition, Alliance, or Financing. This month’s column covers deals announced February 2020.