Pharma BD Deal Intelligence

Eisai Co., Ltd. / MGI Pharma Inc.

2007 · Acquisition/Merger · $3.9B · Complete

WRONG BY 44 POINTS

Eisai built a US oncology commercial base on MGI's back, then sold off nearly every MGI-acquired asset within a decade.

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The coverage arc

Dec 10, 2007 Eisai Co., Ltd. Bullish

Eisai to acquire MGI Pharma at $41/share all-cash (~$3.9B), a 38.7% premium to MGI's $29.55 close on Nov 28, 2007; expected accretive to cash EPS in FY2008 and…

Dec 11, 2007 The Pharma Letter Neutral

Bear Stearns analyst Vinay Thapar doubted other bidders would emerge to compete for MGI Pharma, since Eisai was paying cash and the premium it was offering was…

Jan 28, 2008 Eisai Co., Ltd. (completion announcement) Bullish

Eisai today announced the successful completion of its acquisition of MGI PHARMA for approximately $3.9 billion, integrating it as a wholly-owned subsidiary to…

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

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$41/share all-cash, ~$3.9B total. Oncology and acute care. Source: Eisai press release, SEC, Fierce Biotech.

Did it work? Outcome assessment

Eisai built a US oncology commercial base on MGI's back, then sold off nearly every MGI-acquired asset within a decade.

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Eisai Co., Ltd. / MGI Pharma Inc. (this deal)2007$3.9B36
Eisai Co., Ltd. / Ligand Pharmaceuticals (oncology product portfolio)2006$205M41
Eisai Co., Ltd. / SEED Therapeutics Inc.2024$1.5B
Sanofi SA / Regeneron Pharmaceuticals, Inc.2007$1.0B97
Shire plc / New River Pharmaceuticals Inc.2007$2.6B88
Roche Holding AG / Ventana Medical Systems Inc.2007$3.4B88
AstraZeneca PLC / MedImmune Inc.2007$15.6B82

Compare all 7 side-by-side →

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