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New Deal


Announced

Completed

Halozyme completed the acquisition of Antares Pharma for $960m.

Financials

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Transaction Value£737m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales5.2x
EV/EBITDA30.96x
Share Price Premium-
One Off Charge-

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Public

United States

Acquisition

specialty pharmaceuticals

Single Bidder

Domestic

Pharmaceuticals

Majority

Completed

Synopsis

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Halozyme, a biopharmaceutical company bringing disruptive solutions to significantly improve patient experiences and outcomes for emerging and established therapies, completed the acquisition of Antares Pharma, a specialty pharmaceutical company, for $960m. "We are pleased to have reached this agreement with Halozyme, as this transaction showcases the value of Antares' highly complementary business, provides our shareholders with attractive and certain value, and brings together industry-leading expertise and drug delivery platforms to accelerate growth and create new opportunities. As we remain committed to continuing to serve our partners, I would like to thank our employees for their hard work and dedication to this mission. We look forward to working with the Halozyme team to complete the transaction and deliver best-in-class therapies and drug delivery solutions," Robert F. Apple, Antares President and CEO.

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