.
MergerLinks Header Logo

New Deal


Announced

Completed

Sumitovant Biopharma completed the acquisition of the remaining shares in Myovant Sciences for $1.7bn.

Financials

Edit Data
Transaction Value£1,521m
Consideration TypeCash
Capital Owned52%
Capital Bid For48%
EV/Sales-
EV/EBITDA-
Share Price Premium50%
One Off Charge-

Tags

Edit

biotechnology research

Acquisition

women's health

Privatisation

health care company

Public

Cross Border

Single Bidder

United Kingdom

Friendly

Biotechnology

Majority

Completed

Synopsis

Edit

Sumitovant Biopharma, a technology-driven biopharmaceutical company, completed the acquisition of the remaining shares in Myovant Sciences, a biopharmaceutical company that develops and commercializes new treatments for women’s diseases and endocrine disorders, for $1.7bn. "This transaction represents an industry-leading opportunity to combine unique expertise, platforms, and resources to successfully commercialize products in Myovant's program and to accelerate development of a robust pipeline addressing patient needs in women's health and prostate cancer. We look forward to harnessing the combined strength of our talented teams to bring needed therapies to patients sooner and are confident both Myovant and its employees will benefit from the greater resources Sumitovant can provide to further support business growth and career opportunities overall," Myrtle Potter, Sumitovant CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US