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Announced

Completed

Sanofi completed the acquisition of TZIELD royalty interest from DRI Capital-backed DRI Healthcare Trust for $210m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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monoclonal antibody therapies

Pharmaceuticals

Cross Border

Private

Friendly

Canada

Acquisition

Majority

Completed

Single Bidder

Private Equity

Synopsis

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Sanofi, a global healthcare company, completed the acquisition of TZIELD royalty interest from DRI Capital-backed DRI Healthcare Trust, a global pharmaceutical royalty monetization company, for $210m. “DRI Healthcare is excited about the dramatic positive impact that TZIELD™ will have on patients who are at risk of developing Type 1 Diabetes. This is only the second time in 21 years that we have sold a royalty to a third party. Having only recently announced the TZIELD™ royalty acquisition, DRI Healthcare was not looking to sell the royalty,” Behzad Khosrowshahi, DRI Healthcare Trust CEO.

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