M&A Deal Summary

Mitsubishi Tanabe Pharma Acquires NeuroDerm

On July 24, 2017, Mitsubishi Tanabe Pharma acquired life science company NeuroDerm for 1.1B USD

Acquisition Highlights
  • This is Mitsubishi Tanabe Pharma’s 2nd transaction in the Life Science sector.
  • This is Mitsubishi Tanabe Pharma’s largest (disclosed) transaction.
  • This is Mitsubishi Tanabe Pharma’s 1st transaction in Israel.

M&A Deal Summary

Date 2017-07-24
Target NeuroDerm
Sector Life Science
Buyer(s) Mitsubishi Tanabe Pharma
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) Centerview Partners (Financial)
White & Case
Meitar Liquornik Geva Leshem Tal (Legal)

Target

NeuroDerm

Rehovot, Israel
NeuroDerm is a clinical-stage pharmaceutical company developing central nervous system (CNS) product candidates that are designed to overcome major deficiencies of current treatments and achieve enhanced clinical efficacy through continuous, controlled administration. NeuroDerm’s main focus is in Parkinson's disease, where it has three clinical stage product candidates in development which offer a solution for almost every Parkinson’s disease patient, from moderate to the very severe stage of the disease. The primary product candidates are a line of levodopa and carbidopa (LD/CD) products administered through small belt pumps that deliver a continuous, controlled dose of LD/CD. The LD/CD product candidates, ND0612L and ND0612H, are aimed at the treatment of moderate and advanced Parkinson’s disease patients, respectively, and are delivered subcutaneously. NeuroDerm is also designing a patch pump for future use. In addition, NeuroDerm is developing ND0701, a novel subcutaneously delivered apomorphine formulation for patients who suffer from moderate to severe Parkinson’s disease and who do not respond well to LD/CD. NeuroDerm is headquartered in the Weizmann Science Park in Rehovot, Israel.

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Buyer(S) 1

Buyer

Mitsubishi Tanabe Pharma

Osaka, Japan

Category Company
Founded 1933
Sector Life Science
Employees6,728
Revenue 424.8B JPY (2019)
DESCRIPTION

Mitsubishi Tanabe Pharma is a research-driven pharmaceutical company that specializes in the research, development, and marketing of globally competitive pharmaceutical products focused on the field of autoimmune disease, diabetes and kidney disease, and CNS disease. Mitsubishi Tanabe Pharma was founded in 1933 and is based in Osaka, Japan.


DEAL STATS #
Overall 2 of 2
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Israel) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-13 Medicago

Quebec, Quebec, Canada

Medicago is a clinical-stage biopharmaceutical company developing novel vaccines and therapeutic proteins to address a broad range of infectious diseases worldwide.

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