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New Deal


Announced

Sosei Heptares to acquire the Asia Pacific business of Idorsia for $462m.

Financials

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Transaction Value£359m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Japan

South Korea

Australia

Brunei Darussalam

Cambodia

Indonesia

Laos

Malaysia

Myanmar

New Zealand

Philippines

Singapore

Thailand

Taiwan

Vietnam

biopharmaceutical company

Pharmaceuticals

Acquisition

Majority

Private

Domestic

Friendly

Pending

Single Bidder

Synopsis

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Sosei Heptares, a biopharmaceutical company, agreed to acquire the Asia Pacific business of Idorsia, a Swiss pharmaceutical research company, for $462m. “We have patiently and diligently been searching for the right opportunity to accelerate our mission to deliver life-changing new medicines to patients. This transaction with Idorsia is truly transformational and achieves one of our key strategic objectives, establishing Sosei Heptares as a fully integrated Japan-focused pharmaceutical business, with growing commercial sales and an expected new product launch next year. The addition of a highly experienced clinical development and entrepreneurial commercial team in Japan led by Dr Satoshi Tanaka, one of the country’s most successful drug developers in recent times, fast-tracks our vision to become one of Japan’s global biopharmaceutical champions," Chris Cargill, Sosei Heptares President and CEO.

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