.
MergerLinks Header Logo

Announced

Completed

Sanofi completed the acquisition of Provention Bio for $2.9bn.

Financials

Edit Data
Transaction Value£2,408m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Pharmaceuticals

Single Bidder

Acquisition

Majority

biopharmaceutical company

Friendly

Public

diabetes care

Cross Border

Privatisation

Completed

Synopsis

Edit

Sanofi, a French multinational pharmaceutical and healthcare company, completed the acquisition of Provention Bio, a publicly traded biopharmaceutical company focused on intercepting and preventing immune-mediated diseases including type 1 diabetes, for $2.9bn. "The acquisition of Provention Bio builds on Sanofi’s mission to deliver best- and first-in-class medicines and resonates with our purpose of chasing the miracles of science for the benefit of people. By coupling Provention Bio’s transformative innovation with Sanofi’s expertise, we aim to bring life-changing benefits to people at risk of developing Stage 3 type 1 diabetes. Any additional indications, approvals and pipeline assets only serve to further our excitement. Given our existing partnership and complementary work in the diabetes and immunology spaces, we foresee a seamless integration and execution," Olivier Charmeil, Sanofi Executive Vice President, General Medicines.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US