M&A Deal Summary

GlaxoSmithKline Acquires Sierra Oncology

On April 13, 2022, GlaxoSmithKline acquired healthcare services company Sierra Oncology from Vivo Capital for 1.9B GBP

Acquisition Highlights
  • This is GlaxoSmithKline’s 2nd transaction in the Healthcare Services sector.
  • This is GlaxoSmithKline’s 4th largest (disclosed) transaction.
  • This is GlaxoSmithKline’s 16th transaction in the United States.
  • This is GlaxoSmithKline’s 4th transaction in California.

M&A Deal Summary

Date 2022-04-13
Target Sierra Oncology
Sector Healthcare Services
Buyer(s) GlaxoSmithKline
Sellers(s) Vivo Capital
Deal Type Add-on Acquisition
Deal Value 1.9B GBP
Advisor(s) Lazard Ltd. (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Sierra Oncology

San Mateo, California, United States
website
Sierra Oncology is a late-stage biopharmaceutical company based in San Mateo, California, on a mission to deliver targeted therapies that treat rare forms of cancer. Sierra Oncology was formed in 2003 and is based in San Mateo, California.

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Buyer(S) 1

Buyer

GlaxoSmithKline

Brentford, United Kingdom

website


Category Company
Founded 1715
Sector Life Science
Employees94,066
Revenue 34.1B GBP (2020)
DESCRIPTION
Entrance to a GlaxoSmithKline facility in Morristown, New Jersey.
Entrance to a GlaxoSmithKline facility in Morristown, New Jersey.

GlaxoSmithKline is a multinational pharmaceutical, biologics, vaccines and consumer healthcare company. GlaxoSmithKline was founded in 1715 and is based in Brentford, the United Kingdom.


DEAL STATS #
Overall 28 of 31
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 20 of 23
State (California) 4 of 5
Country (United States) 16 of 18
Year (2022) 1 of 2
Size (of disclosed) 4 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 GSK - Cephalosporin Antibiotics Business

Brentford, United Kingdom

GSK's Cephalosporin Antibiotics Business is a provider of antibiotics used to treat a range of bacterial infections.

Sell $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Affinivax

Cambridge, Massachusetts, United States

Affinivax is a clinical stage biopharmaceutical company pioneering the development of a novel class of vaccines, using its patented biotin-rhizavidin binding approach to optimize the body’s protective immune response to address infectious and other immune-mediated diseases. Affinivax is based in Cambridge, Massachusetts.

Buy $2.1B

Seller(S) 1

SELLER

Vivo Capital

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1996
PE ASSETS 6.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Vivo Capital is a healthcare investment firm focused on opportunities throughout the US and China. Specific areas of interest include biopharmaceuticals, specialty pharmaceuticals, and medical devices. The Firm looks to identify and work with companies at the development and commercial stage products in the US and at the revenue stage in China. Vivo Capital was established in 1997 and is headquartered in Palo Alto, California.


DEAL STATS #
Overall 12 of 12
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 6 of 6
Country (United States) 11 of 11
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Impel NeuroPharma

Seattle, Washington, United States

Impel NeuroPharma is a late-stage pharmaceutical company focused on utilizing its proprietary technology to develop and commercialize transformative therapies for people suffering from diseases with high unmet needs, with an initial focus on diseases of the CNS. The Company’s strategy is to rapidly advance its product candidate pipeline that pairs its proprietary Precision Olfactory Delivery (POD) system with well-established therapeutics, including TRUDHESA for the acute treatment of migraine, INP105 for the acute treatment of agitation and aggression in patients with autism, and INP107 for OFF episodes in Parkinson’s disease. Impel NeuroPharma was formed in 2008 and is based in Seattle, Washington.

Sell -