Kyowa Hakko Kirin Co., Ltd. / ProStrakan Group plc
2011 · Acquisition/Merger · $474M · Complete
Announcement Sentiment
88
Strongly positive
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
Neutral
Pipeline outcome
Mixed
Assessment window: 15yr post-close.
Key facts
AnnouncedFeb 21, 2011
ClosedApr 21, 2011
Deal value$474M
Deal typeAcquisition/Merger
Therapeutic areaOncology supportive care, urology
IndicationsOncology supportive care, urology
Key assetsSancuso (granisetron transdermal) and specialty oncology supportive care portfolio