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New Deal


Announced

Sandoz to acquire CIMERLI business from Coherus for $170m.

Financials

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Transaction Value£133m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Pending

ophthalmology

Acquisition

Friendly

Single Bidder

biotherapeutics

Biotechnology

Cross Border

Majority

Synopsis

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Sandoz, a supplier of off-patent medicines, agreed to acquire CIMERLI business from Coherus, a biopharmaceutical company, for $170m. “I am pleased that we can add another high-value product to the growing Sandoz biosimilar portfolio, further strengthening our existing ophthalmology franchise. The addition of CIMERLI® reinforces our commitment to biosimilars and represents a huge step towards our goal of pioneering patient access to more affordable and much-needed medicines in the US,” Keren Haruvi, Sandoz North America President.

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