Pharma BD Deal Intelligence

Sekisui Chemical Co., Ltd. / Genzyme Diagnostic Products business

2010 · Asset Purchase · $265M · Complete

WRONG BY 26 POINTS
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The coverage arc

Nov 18, 2010 GEN (Genetic Engineering & Biotechnology News) Neutral

Termeer frames divestiture as sharpening focus on rare disease pipeline; deal is part of broader portfolio response to manufacturing issues and Sanofi's…

Nov 19, 2010 BioWorld Bullish

Sekisui pays $265M for Genzyme's diagnostics business; Genzyme stock closed up 5 cents at $70.27, reflecting investor approval of the strategic restructuring.

Feb 01, 2011 Sekisui Chemical Co., Ltd. corporate announcement Bullish

The acquisition will enable Sekisui Medical to build upon this historical relationship and establish an even firmer platform for Sekisui Medical's growth…

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Genzyme agreed to sell Diagnostics business to Sekisui Chemical for $265M cash. 2009 revenue $167M with ~575 employees. Closed February 1, 2011.

Did it work? Outcome assessment

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Key facts

Related deals — scored

DealYearValueOutcome
Sekisui Chemical Co., Ltd. / Genzyme Diagnostic Products business (this deal)2010$265M64
Pfizer Inc. / FoldRx Pharmaceuticals201099
Abbott Laboratories / Knoll Pharmaceuticals (BASF Pharma)2000$6.9B95
Astra AB / Zeneca Group plc1998$35.0B94
Merck & Co. Inc. / Acceleron Pharma Inc.2021$11.5B90
Johnson & Johnson / Actelion Ltd2017$30.0B90
Eli Lilly and Company / Boehringer Ingelheim GmbH2011$444M89

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