Pharma BD Deal Intelligence

Dainippon Sumitomo Pharma Co., Ltd. / Boston Biomedical, Inc.

2012 · Acquisition/Merger · $2.6B · Complete

CALLED IT — OFF BY 9
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The coverage arc

Feb 29, 2012 Dainippon Sumitomo Pharma Bullish

DSP to acquire Boston Biomedical, gaining first-in-class cancer stemness inhibitors BBI608 and BBI503; the acquisition establishes a foundation for DSP's…

Aug 29, 2018 Genetic Engineering & Biotechnology News Bearish

GEN reported the BRIGHTER Phase 3 gastric cancer failure, calling the readout a 'disappointment' that further eroded confidence in the cancer-stemness platform…

Jul 01, 2020 Fierce Biotech Bearish

Prior setbacks have raised doubts about the prospects of some of the assets, as Sumitomo merges its U.S. biotechs into a single oncology division years after…

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Dainippon Sumitomo acquired Boston Biomedical for $200M upfront plus up to $540M in development milestones and $1.89B in commercial milestones (~$2.63B total). Acquired cancer stem cell-targeting oncology pipeline (BBI608 entering Phase 3 CRC; BBI503 Phase 1 solid tumors).

Did it work? Outcome assessment

Strategic verdict
Failed to Achieve
Financial impact
Dilutive
Pipeline outcome
Assets Stalled

Key facts

Related deals — scored

DealYearValueOutcome
Dainippon Sumitomo Pharma Co., Ltd. / Boston Biomedical, Inc. (this deal)2012$2.6B24
Dainippon Sumitomo Pharma Co., Ltd. / Sepracor Inc.2009$2.6B63
AstraZeneca PLC / Daiichi Sankyo Company, Limited2019$6.9B100
Novartis AG / Endocyte, Inc.2018$2.1B96
Astellas Pharma Inc. / Seagen Inc.2009$4.5B95
Bristol-Myers Squibb Company / Medarex Inc.2009$2.4B92
Servier / Agios Pharmaceuticals (oncology)2020$2.0B91

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