Pharma BD Deal Intelligence

Kyowa Hakko Kirin Co., Ltd. / ProStrakan Group plc

2011 · Acquisition/Merger · $474M · Complete

WRONG BY 44 POINTS
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The coverage arc

Feb 21, 2011 The Pharma Letter Bullish

Kyowa Hakko Kirin agreed to acquire Scotland-based ProStrakan Group for £292 million (~$473.3M), 130 pence/share — a 41% premium — giving the Japanese group a…

Jul 11, 2014 Genetic Engineering & Biotechnology News Bullish

Three years post-deal, KHK doubled down by having ProStrakan acquire Archimedes Pharma for £230M — validating the original 2011 thesis of using ProStrakan as…

Jan 04, 2022 Kyowa Kirin North America Neutral

Kyowa Kirin divested Sancuso to Cumberland Pharmaceuticals as it refocused North American resources on rare-disease and oncology pipeline assets — long-term…

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Kyowa Hakko Kirin acquired UK specialty pharma ProStrakan for £292M (~$474M), 130p/share, a 41% premium. Deal gave KHK a Western commercial platform with Sancuso and supportive-care oncology products. Closed April 21, 2011.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Accretive
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Kyowa Hakko Kirin Co., Ltd. / ProStrakan Group plc (this deal)2011$474M44
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
Servier Pharmaceuticals LLC / Agios Pharmaceuticals Inc.2020$2.0B91

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