M&A Deal Summary

PDL BioPharma Acquires Neos Therapeutics

On October 26, 2017, PDL BioPharma acquired life science company Neos Therapeutics

Acquisition Highlights
  • This is PDL BioPharma’s 3rd transaction in the Life Science sector.
  • This is PDL BioPharma’s 1st transaction in the United Kingdom.
  • This is PDL BioPharma’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-10-26
Target Neos Therapeutics
Sector Life Science
Buyer(s) PDL BioPharma
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)
Goodwin Procter (Legal)

Target

Neos Therapeutics

Grand Prairie, Texas, United Kingdom
Neos Therapeutics, Inc. is a pharmaceutical company focused on developing, manufacturing and commercializing products utilizing its proprietary modified-release drug delivery technology platforms. Adzenys XR-ODT® (amphetamine) extended-release orally disintegrating tablets including Boxed WARNING), Cotempla XR-ODT™ (methylphenidate) extended-release orally disintegrating tablets including Boxed WARNING), and Adzenys-ER™ (amphetamine) extended-release oral suspension including Boxed WARNING), all for the treatment of ADHD, are the first three approved products using the Company's extended-release technology platform.

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Buyer(S) 1

Buyer

PDL BioPharma

Incline Village, Nevada, United States

Category Company
Founded 1986
Sector Life Science
Employees109
Revenue 55M USD (2019)
DESCRIPTION

PDL BioPharma is a portfolio of patents and royalty assets, consisting primarily of its Queen et al. antibody humanization patents and license agreements with various biotechnology and pharmaceutical companies. PDL BioPharma was founded in 1986 and is based in Incline Village, Nevada.


DEAL STATS #
Overall 4 of 4
Sector: Life Science M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Depomed - Diabetes Royalty Rights

United States

Depomed - Diabetes Royalty Rights is a provider of medical products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 Noden Pharma DAC

Dublin, Ireland

Noden Pharma DAC is a global specialty pharmaceutical company that is focused on acquiring prescription medicines across a range of therapeutic areas. Noden Pharma DAC holds exclusive worldwide rights to manufacture, market, and sell Tekturna® and Tekturna HCT (or Rasilez and Rasilez HTC outside of the United States), which contain aliskiren, a direct renin inhibitor, for the treatment of hypertension. In March 2019, Noden announced the U.S commercial launch of an authorized generic form of Tekturna, aliskiren hemifumarate 150 mg, and 300 mg tablets with the same drug formulation as Tekturna. Noden Pharma DAC is headquartered in Dublin, Ireland.

Sell $53M