Pharma BD Deal Intelligence

Ipsen S.A. / Epizyme Inc.

2022 · Acquisition/Merger · $247M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jun 27, 2022 BioPharma Dive Neutral

Ipsen is acquiring Epizyme for about $247 million upfront plus a CVR that could add up to $4 per share in deferred milestones, handing the French pharma an…

Jun 27, 2022 Reuters Neutral

French drugmaker Ipsen agreed to buy U.S. biotech Epizyme for about $247 million in cash, it said on Monday, adding a rare cancer drug to its portfolio. Under…

Mar 10, 2026 Pharmacy Times Bearish

Ipsen voluntarily withdrew tazemetostat from all markets following a safety signal in the confirmatory SYMPHONY-1 trial, where the IDMC flagged adverse events…

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Ipsen acquired Epizyme for $1.45/share cash (~$247M upfront) plus a non-tradable CVR of up to $4/share, announced June 27, 2022 and closed August 8, 2022. The deal added Tazverik (tazemetostat), a first-in-class FDA-approved EZH2 inhibitor for relapsed/refractory follicular lymphoma and epithelioid sarcoma, plus EZM0414, a Phase 1 SETD2 inhibitor (Fast Track in MM/DLBCL). POST-CLOSE OUTCOME: the thesis did not hold. EZM0414's SET-101 study (NCT05121103) was terminated in 2025 for a 'strategic business decision,' ending the pipeline arm. On March 9, 2026 Ipsen voluntarily withdrew Tazverik in all indications from all markets and discontinued all tazemetostat trials and expanded-access programs, after the confirmatory Phase Ib/III SYMPHONY-1 trial surfaced a safety signal of secondary hematologic malignancies (IDMC: risks may outweigh benefits). With 2025 Tazverik sales of only ~EUR 40.6M (~$47M, -13% YoY), the CVR's $250M sales milestone is effectively unreachable. The acquisition closed as an M&A transaction, but both acquired assets are now off the market or terminated.

Key facts

Related deals — scored

DealYearValueOutcome
Ipsen S.A. / Epizyme Inc. (this deal)2022$247M
Ipsen S.A. / Exelixis Inc.2016$855M80
Ipsen S.A. / Kartos Therapeutics, Inc.2026$1.8B68
Ipsen S.A. / Memo Therapeutics AG2026$797M66
Ipsen S.A. / Clementia Pharmaceuticals Inc.2019$1.3B
Ipsen S.A. / Marengo Therapeutics, Inc.2024$1.2B
Ipsen S.A. / GENFIT2021$543M

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