Pharma BD Deal Intelligence

Sorrento Therapeutics Inc. / Concortis Biosystems Corp.

2013 · Acquisition/Merger · $11M · Complete

WRONG BY 43 POINTS
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The coverage arc

Nov 14, 2013 BioSpace Bullish

BioSpace highlighted CEO Henry Ji's claim that 'very few companies have the breadth of capabilities covering all facets of ADC technology,' positioning the…

Dec 19, 2013 ADC Review Bullish

ADC Review framed the deal as Sorrento securing a comprehensive ADC platform — antibody, conjugation chemistry, linker, and toxin — with David Miao stepping in…

Dec 19, 2013 Sorrento Therapeutics / PR Newswire Bullish

Sorrento closed the Concortis acquisition by issuing 1,331,978 common shares (transaction valued at $11.3M based on 18-Dec close), gaining C-Lock/K-Lock…

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

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Sorrento entered definitive agreement to acquire San Diego-based Concortis Biosystems; combined Concortis conjugation platform with Sorrento's G-MAB antibody library to build next-gen ADC capability. Strategically notable platform deal.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Sorrento Therapeutics Inc. / Concortis Biosystems Corp. (this deal)2013$11M32
AstraZeneca PLC / Daiichi Sankyo Company, Limited2019$6.9B100
Novartis AG / Endocyte, Inc.2018$2.1B96
Astellas Pharma Inc. / Seagen Inc.2009$4.5B95
Bristol-Myers Squibb Company / Medarex Inc.2009$2.4B92
Servier / Agios Pharmaceuticals (oncology)2020$2.0B91
Servier Pharmaceuticals LLC / Agios Pharmaceuticals Inc.2020$2.0B91

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