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M&A Deal Summary

Otsuka Acquires Avanir Pharmaceuticals

On December 2, 2014, Otsuka acquired medical products company Avanir Pharmaceuticals for 3.5B USD

Acquisition Highlights
  • This is Otsuka’s 1st transaction in the Medical Products sector.
  • This is Otsuka’s largest (disclosed) transaction.
  • This is Otsuka’s 2nd transaction in the United States.
  • This is Otsuka’s 2nd transaction in California.

M&A Deal Summary
Date 2014-12-02
Target Avanir Pharmaceuticals
Sector Medical Products
Buyer(s) Otsuka
Deal Type Add-on Acquisition
Deal Value 3.5B USD
Advisor(s) Centerview Partners (Financial)
Latham & Watkins (Legal)

Target

Avanir Pharmaceuticals

Aliso Viejo, California, United States
Avanir Pharmaceuticals, Inc. is a biopharmaceutical company specializing in CNS diseases. Avanir developed and launched NUEDEXTA® (dextromethorphan hydrobromide/quinidine sulfate) 20mg/10mg capsules in the US in February 2011 as the world’s first and only approved treatment for the neurologic disease pseudobulbar affect (PBA).

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Buyer(S) 1

Buyer

Otsuka

Tokyo, Japan
Category Company
Founded 1921
Sector Healthcare Services
Employees35,338
Revenue 2.33T JPY (2024)
DESCRIPTION

Otsuka engages in pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide. Otsuka was founded in 1921 and is based in Tokyo, Japan.

DEAL STATS #
Overall 3 of 9
Sector: Medical Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 7
State: California M&A 2 of 3
Country: United States M&A 2 of 7
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 7
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