Pharma BD Deal Intelligence

Sun Pharmaceutical Industries Ltd. / Ranbaxy Laboratories Limited

2014 · Acquisition/Merger · $4.0B · Complete

WRONG BY 28 POINTS
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Top 25 most underrated deals we track

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Apr 09, 2014 Knowledge at Wharton Neutral

Wharton flagged that the combination would create India's largest pharma and the world's fifth-largest specialty generics maker, but that 'most analysts were…

Apr 21, 2015 FiercePharma Bearish

Daiichi Sankyo exited its 9% Sun Pharma stake worth ~$2B — less than half the $4.2B it paid for Ranbaxy in 2008 — confirming the deal as a face-saving exit…

Sep 09, 2019 FiercePharma Bearish

Sun Pharma paid $485M to settle a long-running US antitrust suit inherited via Ranbaxy — a concrete example of the regulatory and legal liabilities embedded in…

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

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Sun Pharma agreed to acquire 100% of Daiichi Sankyo subsidiary Ranbaxy Laboratories in an all-stock transaction valued at approximately $4B (US$3.2B equity plus $800M assumed debt). The combination created India's largest pharmaceutical company and the world's fifth-largest generics maker; closed in calendar 2015.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Dilutive
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Sun Pharmaceutical Industries Ltd. / Ranbaxy Laboratories Limited (this deal)2014$4.0B66
Sun Pharmaceutical Industries Ltd. / Ranbaxy Laboratories Limited2015$4.0B52
Sun Pharmaceutical Industries Ltd. / DUSA Pharmaceuticals, Inc.2012$230M49
Sun Pharmaceutical Industries Ltd. / URL Pharma, Inc. (generics business)2012$60M34
Sun Pharmaceutical Industries Ltd. / Organon & Co.2026$11.8B
Sun Pharmaceutical Industries Ltd. / Checkpoint Therapeutics, Inc.2025$355M
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97

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