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Daiichi buys Plexxikon for $805mm up front, plus earn-outs
22 Nov 2022
Executive Summary
Daiichi Sankyo Co. Ltd. will pay $805mm in cash to acquire privately held drug discovery company Plexxikon Inc., a move that will greatly expand the Japanese pharmaco's oncology business. The deal has also been sweetened with up to $130mm in launch-related earn-outs based on PLX4032, Plexxikon's lead candidate for malignant melanoma.
Deal Industry
- Pharmaceuticals
-
Biotechnology
-
Drug Discovery Technologies
- Bioinformatics
- Genomics-Proteomics
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Drug Discovery Technologies
Deal Status
- Final
Deal Type
-
Acquisition
- Acquisition of Private Biotech
- Full Acquisition
- Includes Earnout
- Payment Includes Cash for Equity
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Daiichi buys Plexxikon for $805mm up front, plus earn-outs
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