M&A Deal Summary

Daiichi Sankyo Acquires U3 Pharma AG

On May 21, 2008, Daiichi Sankyo acquired life science company U3 Pharma AG from Alta Partners for 234M USD

Acquisition Highlights
  • This is Daiichi Sankyo’s 1st transaction in the Life Science sector.
  • This is Daiichi Sankyo’s 4th largest (disclosed) transaction.
  • This is Daiichi Sankyo’s 1st transaction in Germany.

M&A Deal Summary

Date 2008-05-21
Target U3 Pharma AG
Sector Life Science
Buyer(s) Daiichi Sankyo
Sellers(s) Alta Partners
Deal Type Add-on Acquisition
Deal Value 234M USD

Target

U3 Pharma AG

Martinsried, Germany
U3 Pharma AG was advancing a portfolio of novel antibody-based therapeutics to be used as mono therapies and combination therapies for the treatment of cancer. The two lead antibodies were potential therapies for breast, lung and colorectal cancers, among others

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Buyer(S) 1

Buyer

Daiichi Sankyo

Tokyo, Japan

Category Company
Founded 1899
Sector Life Science
Employees19,765
Revenue 1.89T JPY (2025)
DESCRIPTION

Daiichi Sankyo manufactures pharmaceuticals for human/veterinary use and medical tools and equipment. It also researches and promotes products through related companies throughout the world. The Group also produces food, food additives, livestock feeds, and agrochemicals. Daiichi Sankyo was founded in 1899 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 4
Sector: Life Science M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 4
Country: Germany M&A 1 of 1
Year: 2008 M&A 1 of 2
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-11 Ranbaxy Laboratories

New Delhi, India

Ranbaxy Limited is an integrated, research based, international pharmaceutical company producing a wide range of quality, affordable generic medicines, trusted by healthcare professionals and patients across geographies. Ranbaxy’s continued focus on R&D has resulted in several approvals in developed and emerging 4 markets, many of which incorporate proprietary Novel Drug Delivery Systems and technologies developed at its own labs.

Buy $5.5B

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 38 of 85
Sector: Life Science M&A 25 of 65
Type: Add-on Acquisition M&A Deals 25 of 45
Country: Germany M&A 1 of 1
Year: 2008 M&A 1 of 4
Size (of disclosed) 15 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-05 Trevena

Chesterbrook, Pennsylvania, United States

Trevena is a biopharmaceutical company dedicated to delivering groundbreaking medicines to address the critical needs of patients with central nervous system (CNS) disorders. Trevena was founded in 2007 and is headquartered in Chesterbrook, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-29 Kosan Biosciences

Hayward, California, United States

Kosan Biosciences is an established cancer therapeutics company focused on advancing two new classes of anticancer agents through clinical development: heat shock protein 90 (Hsp90) inhibitors and epothilones.

Sell -