M&A Deal Summary

Galapagos Acquires GlaxoSmithKline - Medical Research Croatia

On September 7, 2010, Galapagos acquired life science company GlaxoSmithKline - Medical Research Croatia from GSK

Acquisition Highlights
  • This is Galapagos’ 6th transaction in the Life Science sector.
  • This is Galapagos’ 2nd transaction in Croatia.

M&A Deal Summary

Date 2010-09-07
Target GlaxoSmithKline - Medical Research Croatia
Sector Life Science
Buyer(s) Galapagos
Sellers(s) GSK
Deal Type Divestiture

Target

GlaxoSmithKline - Medical Research Croatia

Zagreb, Croatia
GlaxoSmithKline - Medical Research Croatia provides discovery and development of medicines to treat human disease. The Zagreb centre comes with a strong heritage in the area of antibacterial research. The center is located in Zagreb, Croatia.

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Buyer(S) 1

Buyer

Galapagos

Mechelen, Belgium

Category Company
Founded 1999
Sector Life Science
Employees683
Revenue 276M EUR (2024)
DESCRIPTION

Galapagos is a clinical stage biotech company focused on developing novel mode of action medicines. Galapagos was incorporated in 1999 and is based in Mechelen, Belgium.


DEAL STATS #
Overall 6 of 9
Sector: Life Science M&A 6 of 8
Type: Divestiture M&A Deals 4 of 5
Country: Croatia M&A 2 of 2
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Fidelta

Zagreb, Croatia

Fidelta Ltd. is a drug discovery service company with core scientific competencies in inflammation, fibrosis, and anti-infectives. The scope of services provided by Fidelta is complementary to Selvita’s offerings and will enable Selvita to build a competitive advantage in business areas such as DMPK, in vivo pharmacology, and toxicology, as well as increase its scale of operations within medicinal chemistry and in vitro pharmacology. Fidelta is based in Zagreb, Croatia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Compound Focus

385 Oyster Point Boulevard Suite 1, California, United States

Compound Focus, Inc. is a small molecule compound management services.

Buy €13M

Seller(S) 1

SELLER

GSK

Brentford, United Kingdom

Category Company
Founded 1715
Sector Life Science
Employees68,629
Revenue 31.4B GBP (2024)
DESCRIPTION
Entrance to a GlaxoSmithKline facility in Morristown, New Jersey.
Entrance to a GlaxoSmithKline facility in Morristown, New Jersey.

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


DEAL STATS #
Overall 6 of 24
Sector: Life Science M&A 5 of 17
Type: Divestiture M&A Deals 6 of 23
Country: Croatia M&A 2 of 2
Year: 2010 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Fidelta

Zagreb, Croatia

Fidelta Ltd. is a drug discovery service company with core scientific competencies in inflammation, fibrosis, and anti-infectives. The scope of services provided by Fidelta is complementary to Selvita’s offerings and will enable Selvita to build a competitive advantage in business areas such as DMPK, in vivo pharmacology, and toxicology, as well as increase its scale of operations within medicinal chemistry and in vitro pharmacology. Fidelta is based in Zagreb, Croatia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-06 Nanjing MeiRui Pharma Co.

Shanghai, China

Nanjing MeiRui Pharma Co. Ltd. is a Chinese pharmaceutical business with a strong portfolio of urology and allergy products, including Prostat for benign prostatic hyperplasia and Sheniting for overactive bladder syndrome.

Buy $70M