M&A Deal Summary

Cephalon Acquires ChemGenex Pharmaceuticals

On March 28, 2011, Cephalon acquired life science company ChemGenex Pharmaceuticals from Alta Partners for 231M USD

Acquisition Highlights
  • This is Cephalon’s 7th transaction in the Life Science sector.
  • This is Cephalon’s 3rd largest (disclosed) transaction.
  • This is Cephalon’s 4th transaction in the United States.
  • This is Cephalon’s 2nd transaction in California.

M&A Deal Summary

Date 2011-03-28
Target ChemGenex Pharmaceuticals
Sector Life Science
Buyer(s) Cephalon
Sellers(s) Alta Partners
Deal Type Add-on Acquisition
Deal Value 231M USD

Target

ChemGenex Pharmaceuticals

Menlo Park, California, United States
ChemGenex Pharmaceuticals is a pharmaceutical development company dedicated to improving the lives of patients by developing personalized therapeutics in the areas of oncology, diabetes and obesity. ChemGenex’s lead compound, Ceflatonin®, is currently in Phase 2/3 clinical trials for chronic myeloid leukemia and Quinamed® is in Phase 2 clinical trials for several solid cancers. ChemGenex's pipeline also includes several pre-clinical stage anti-diabetes lead mole.

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Buyer(S) 1

Buyer

Cephalon

Frazer, Pennsylvania, United States

Category Company
Founded 1987
Sector Life Science
Employees3,726
DESCRIPTION

Cephalon is a global biopharmaceutical company dedicated to discovering, developing and bringing to market medications to improve the quality of life of individuals around the world. Since its inception in 1987, Cephalon has brought first-in-class and best-in-class medicines to patients in several therapeutic areas.


DEAL STATS #
Overall 7 of 7
Sector: Life Science M&A 7 of 7
Type: Add-on Acquisition M&A Deals 6 of 6
State: California M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2011 M&A 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-22 Gemin X Biotechnologies

Montreal, Quebec, Canada

Gemin X Biotechnologies Inc. is a biopharmaceutical company that engages in the discovery and development of small molecule cancer therapeutics based on the regulation of apoptosis. The company develops small molecules that target pathways for cancer, including regulators in the genesis and progression of cancer.

Buy $225M

Seller(S) 1

SELLER

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 50 of 85
Sector: Life Science M&A 35 of 65
Type: Add-on Acquisition M&A Deals 35 of 45
State: California M&A 22 of 41
Country: United States M&A 43 of 75
Year: 2011 M&A 4 of 7
Size (of disclosed) 16 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-28 Plexxikon

Berkeley, California, United States

Plexxikon is a leader in the discovery and development of novel, small molecule pharmaceuticals. With its Scaffold-Based Drug Discovery Platform™, Plexxikon uses compound and target structural data to guide chemistry early in the drug lead generation process within various families of drug targets. The Company has clinical and preclinical stage programs in several therapeutic areas, including metabolic disease, oncology, inflammation, CNS and cardiovascular disease.

Sell $805M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-05 Aegis Lightwave

Woburn, Massachusetts, United States

Aegis Lightwave is a privately held company that builds cost-effective solutions for intelligent optical networks. Aegis is the first company to deliver low-cost wavelength-monitoring components and modules that are easily manufactured using proven methods from the semiconductor industry.

Sell $52M