Pharma BD Deal Intelligence

Daiichi Sankyo Company, Limited / Zepharma Inc.

2006 · Acquisition/Merger · $200M · Complete

CALLED IT — OFF BY 23

Zepharma was successfully folded into a scaled OTC franchise, but two decades later Daiichi Sankyo decided consumer health wasn't its future and sold the whole thing to Suntory.

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The coverage arc

Mar 31, 2006 PharmaTimes Neutral

Astellas sold profitable but sub-scale OTC unit Zepharma to Daiichi Sankyo for ~JPY 23.5B; expected ~JPY 20B extraordinary profit and a refocusing on…

Apr 01, 2006 The Japan Times Bullish

Daiichi Sankyo acquired Zepharma for 23.5 billion yen on April 13, 2006; integration with Daiichi Sankyo Healthcare in April 2007 created Japan's third-largest…

Apr 03, 2006 The Pharma Letter Bullish

Deal valued at ~$200M; Daiichi Sankyo gains scale in Japanese OTC consumer healthcare, narrowing the gap with Taisho and Takeda category leaders.

Source summaries from our enrichment pipeline; follow links for originals.

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OTC unit divested by Astellas; JPY 23.5B

Did it work? Outcome assessment

Zepharma was successfully folded into a scaled OTC franchise, but two decades later Daiichi Sankyo decided consumer health wasn't its future and sold the whole thing to Suntory.

Strategic verdict
Partially Achieved

Key facts

Related deals — scored

DealYearValueOutcome
Daiichi Sankyo Company, Limited / Zepharma Inc. (this deal)2006$200M57
Daiichi Sankyo Company, Limited / Ambit Biosciences2006$410M62
Daiichi Sankyo Company, Limited / Plexxikon Inc.2011$935M51
Daiichi Sankyo Company, Limited / Ranbaxy Laboratories Limited2008$4.6B14
Daiichi Sankyo Company, Limited / Nosis Biosciences, Inc.2025
Eli Lilly and Company / ICOS Corporation2006$2.3B87
Crucell N.V. / Berna Biotech AG2006$450M85

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