M&A Deal Summary

Sandoz International Acquires Cimerli

On March 4, 2024, Sandoz International acquired life science company Cimerli from Coherus Biosciences for 170M USD

Acquisition Highlights
  • This is Sandoz International’s 4th transaction in the Life Science sector.
  • This is Sandoz International’s 4th largest (disclosed) transaction.
  • This is Sandoz International’s 2nd transaction in the United States.
  • This is Sandoz International’s 1st transaction in California.

M&A Deal Summary
Date 2024-03-04
Target Cimerli
Sector Life Science
Buyer(s) Sandoz International
Sellers(s) Coherus Biosciences
Deal Type Divestiture
Deal Value 170M USD

Target

Cimerli

Redwood City, California, United States
Cimerli is a vascular endothelial growth factor (VEGF) inhibitor, is indicated for the treatment of patients with Neovascular (Wet) Age-Related Macular Degeneration (AMD), Macular Edema Following Retinal Vein Occlusion (RVO), Diabetic Macular Edema (DME), Diabetic Retinopathy (DR), Myopic Choroidal Neovascularization (mCNV). Cimerli is based in Redwood City, California.

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Buyer(S) 1

Buyer

Sandoz International

Holzkirchen, Germany
Category Company
Sector Life Science
DESCRIPTION

Sandoz International GmbH is a developer, manufacturer and markets generic pharmaceutical products focused on biosimilars, injectables, inhalers and transdermal patches.

DEAL STATS #
Overall 5 of 5
Sector (Life Science) 4 of 4
Type (Divestiture) 4 of 4
State (California) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 GSK - Cephalosporin Antibiotics Business

Brentford, United Kingdom

GSK's Cephalosporin Antibiotics Business is a provider of antibiotics used to treat a range of bacterial infections.

Buy $500M

Seller(S) 1

SELLER

Coherus Biosciences

Redwood City, California, United States
Category Company
Founded 2010
Sector Life Science
Employees249
Revenue 257M USD (2023)
DESCRIPTION

Coherus Biosciences is a biotechnology company focused on developing products. Coherus BioSciences was founded in 2010 and is based in Redwood City, California.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-16 Surface Oncology

Cambridge, Massachusetts, United States

Surface Oncology is an immuno-oncology company developing next-generation antibody therapies focused on the tumor microenvironment. Its pipeline includes two wholly-owned programs: SRF388, a Phase 2 program targeting IL-27, and SRF114, a Phase 1 program that selectively depletes regulatory T cells in the tumor microenvironment via targeting CCR8. Surface Oncology was founded in 2014 and is based in Cambridge, Massachusetts.

Buy $65M
Mergr

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