Pharma BD Deal Intelligence

Sanofi SA / Genzyme Corporation

2010 · Acquisition/Merger · $18.5B · Complete

CALLED IT — OFF BY 19
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The coverage arc

Aug 29, 2010 Sanofi-Aventis (6-K Exhibit) Bullish

$69 per share all-cash offer represents immediate and certain value and a significant premium for Genzyme shareholders — 38% over Genzyme's unaffected share…

Oct 04, 2010 WBUR Neutral

Genzyme management rejected the $69-per-share hostile bid as undervalued; CEO Henri Termeer argued shareholders deserved closer to $80 per share, saying 'They…

Oct 31, 2019 BioPharma Dive Bearish

Sanofi paid $315M to settle claims it slowed Lemtrada's development to avoid CVR payouts of $708M-$3.8B; FDA approval missed targets by 8+ months and sales…

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

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Sanofi-aventis submitted a non-binding proposal to acquire Genzyme for approximately $18.5B ($69/share) on August 29, 2010. Final definitive agreement reached February 16, 2011 at $74/share plus CVR (~$20.1B total). Closed April 8, 2011.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Accretive
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Sanofi SA / Genzyme Corporation (this deal)2010$18.5B75
Sanofi SA / Regeneron Pharmaceuticals, Inc.2007$1.0B97
Sanofi SA / Synthelabo S.A.1998$11.0B84
Sanofi SA / Genzyme Corporation2011$20.1B84
Sanofi SA / Amunix Pharmaceuticals Inc.2021$1.2B76
Sanofi SA / Translate Bio Inc.2018$805M73
Sanofi SA / Protein Sciences Corp.2017$650M72

Compare all 7 side-by-side →

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