M&A Deal Summary

Ono Pharmaceutical Acquires Deciphera

On April 30, 2024, Ono Pharmaceutical acquired life science company Deciphera for 2.4B USD

Acquisition Highlights
  • This is Ono Pharmaceutical’s 1st transaction in the Life Science sector.
  • This is Ono Pharmaceutical’s largest (disclosed) transaction.
  • This is Ono Pharmaceutical’s 1st transaction in the United States.
  • This is Ono Pharmaceutical’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2024-04-30
Target Deciphera
Sector Life Science
Buyer(s) Ono Pharmaceutical
Deal Type Merger
Deal Value 2.4B USD
Advisor(s) J.P. Morgan Securities (Financial)
Goodwin Procter (Legal)

Target

Deciphera

Waltham, Massachusetts, United States
Deciphera focuses on the discovery, development, and commercialization of innovative medicines for cancer and has deep expertise in kinase biology (see Table 1 below). QINLOCK (ripretinib), a KIT inhibitor, is approved in over 40 countries and marketed globally, including in the US, Europe, and China, for treatment of fourth-line gastrointestinal stromal tumor (GIST). Vimseltinib, a CSF-1R inhibitor, demonstrated statistically significant and clinically meaningful efficacy across all primary and secondary endpoints in the Phase III MOTION trial in patients with tenosynovial giant cell tumor (TGCT). Deciphera is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

Ono Pharmaceutical

Osaka, Japan

Category Company
Sector Life Science
DESCRIPTION

Ono Pharmaceutical is a pharmaceutical company with major plants in Higashinari-ku, Osaka, Fujinomiya, and Shizuoka., and a central research institute at Minase, Shimamoto-cho, Mishima District, Osaka. Ono Pharmaceutical is based in Osaka, Japan.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Merger) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1