Pharma BD Deal Intelligence

Sobi (Swedish Orphan Biovitrum AB) / Dova Pharmaceuticals, Inc.

2019 · Acquisition/Merger · $915M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Sep 30, 2019 BioPharma Dive Bearish

Jefferies analyst Eun Yang noted Doptelet sales 'dipped 12% quarter over quarter because of competitive pricing pressure and payer restrictions' and Q2…

Sep 30, 2019 Pharmaphorum Bullish

Evaluate analysts projected Doptelet could achieve $1.88B in peak sales across approved indications, citing a 'cleaner clinical profile than Promacta' with no…

Oct 01, 2019 Pharmaceutical Technology Neutral

"Swedish Orphan Biovitrum AB (Sobi) has agreed to acquire US-based Dova Pharmaceuticals in a transaction valued up to $915m," expanding Sobi's haematology…

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Sobi agreed to acquire Dova Pharmaceuticals for $27.50/share or approximately $915 million, with an additional $1.50/share CVR linked to FDA label expansion. Lead asset is Doptelet (avatrombopag) for thrombocytopenia in chronic liver disease and chronic ITP. Sobi completed the acquisition by merger on November 12, 2019. The CVR required FDA approval of Doptelet in chemotherapy-induced thrombocytopenia (CIT) by December 31, 2022; that approval was not obtained — the Phase 3 CIT trial reported in 2022 and avatrombopag remains approved only in chronic liver disease and chronic ITP — so the contingent $1.50/share milestone lapsed.

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Key facts

Related deals — scored

DealYearValueOutcome
Sobi (Swedish Orphan Biovitrum AB) / Dova Pharmaceuticals, Inc. (this deal)2019$915M
Amgen Inc. / Micromet Inc.2012$1.2B88
Servier / Shire plc (Oncology Business)2018$2.4B88
AstraZeneca PLC / Alexion Pharmaceuticals Inc.2020$39.0B86
Swedish Orphan Biovitrum AB / Biovitrum2001$493M84
Otsuka Pharmaceutical Co. Ltd. / Astex Pharmaceuticals2013$886M79
AbbVie Inc. / Pharmacyclics Inc.2015$21.0B79

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