Pharma BD Deal Intelligence

Sanofi SA / Translate Bio Inc.

2020 · Co-Development · $2.3B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jun 23, 2020 Endpoints News Neutral

Sanofi paid $425 million upfront — $300M cash plus $125M equity — to expand its 2018 mRNA collaboration with Translate Bio to cover the entire infectious…

Jun 24, 2020 BioWorld Bullish

Sanofi has dramatically expanded its mRNA vaccine collaboration with Translate Bio, agreeing to pay $300 million in cash plus $125 million in equity to broaden…

Aug 03, 2021 Fierce Pharma Bullish

Sanofi today announced an agreement to acquire its mRNA vaccine partner Translate Bio for $38 per share in cash, valuing the deal at approximately…

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

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Sanofi Pasteur and Translate Bio closed an expanded collaboration and licensing agreement covering mRNA vaccines for all infectious diseases (broadening the 2018 deal that had covered up to five pathogens). Translate Bio received $425M ($300M cash upfront + $125M equity) with eligibility for up to $1.9B in milestones plus tiered royalties. The collaboration proved the foundation for Sanofi's full acquisition of Translate Bio: announced Aug 3, 2021 at $38/share (~$3.2B equity value) and completed Sep 14, 2021. Sanofi subsequently deprioritized the COVID-19 candidate MRT5500 and pivoted the Translate Bio mRNA platform toward seasonal influenza and other pathogens; the seasonal-flu mRNA effort was later wound down.

Did it work? Outcome assessment

Strategic verdict
Failed to Achieve
Financial impact
Dilutive
Pipeline outcome
Assets Terminated

Key facts

Related deals — scored

DealYearValueOutcome
Sanofi SA / Translate Bio Inc. (this deal)2020$2.3B
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 / Genzyme Corporation2010$18.5B75
Sanofi SA / Translate Bio Inc.2018$805M73

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