Pharma BD Deal Intelligence

Sumitovant Biopharma / Myovant Sciences Ltd.

2022 · Acquisition/Merger · $1.7B · Complete

Sumitovant Biopharma's $1.7B buyout of remaining Myovant Sciences shares consolidated full ownership of the specialty pharma, though the deal carried no disclosed upfront breakdown or named pipeline assets in the filing.

CALLED IT — OFF BY 10
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The coverage arc

Oct 24, 2022 Sumitomo Pharma Neutral

Sumitomo Pharma Sumitovant and Myovant enter definitive agreement for $27/share acquisition.

Mar 10, 2023 PR Newswire Neutral

Sumitovant completes acquisition of Myovant Sciences for $27/share total transaction value $1.7 billion.

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Sumitovant acquired remaining Myovant Sciences shares for $1.7B.

Key facts

Disease & market context

Women's Health (Uterine Fibroids / Endometriosis)

$4.5B US Uterine Fibroids Treatment Market (2024)

Disease Overview

Myfembree (relugolix combination tablet) is an oral GnRH receptor antagonist approved for heavy menstrual bleeding from uterine fibroids (2021) and endometriosis-associated pain (2022). Uterine fibroids affect up to 80% of women by age 50, with ~26M US women affected. Endometriosis impacts ~11% of reproductive-age women. Relugolix offers an oral alternative to injectable GnRH agonists with rapid hormone suppression and recovery.

Product Portfolio

Myovant's portfolio centers on relugolix-based products: Myfembree for women's health (fibroids + endometriosis) and Orgovyx for advanced prostate cancer. Sumitovant (Sumitomo Pharma subsidiary) already owned 52% of Myovant and acquired remaining shares at $27/share after initially offering $22.75, which Myovant's board rejected.

Deal timeline

Related deals — scored

DealYearValueOutcome
Sumitovant Biopharma / Myovant Sciences Ltd. (this deal)2022$1.7B60
Astellas Pharma Inc. / Ogeda SA2017$850M59
Mylan Inc. / Famy Care Limited (women's healthcare businesses)2015$800M56
Watson Pharmaceuticals (Actavis Inc.) / Uteron Pharma SA2013$305M16
Organon & Co. / Forendo Pharma2021$954M
Sun Pharmaceutical Industries Ltd. / Organon & Co.2026$11.8B
Perrigo Company plc / HRA Pharma2021$2.1B

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