Pharma BD Deal Intelligence

Takeda Pharmaceutical Company Ltd. / Tesaro Inc.

2017 · Licensing/Option · $340M · Complete

CALLED IT — OFF BY 21

A small regional licensing deal (not the GSK $5.1B TESARO buyout) that eventually delivered a real but unspectacular APAC product launch

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The coverage arc

Jul 27, 2017 BioPharma Dive Bullish

TESARO landed licensing and supply agreements for Zejula in Japan and select APAC markets, with Takeda paying $100M upfront and up to $240M in milestones plus…

Jul 27, 2017 Xconomy Bullish

Jefferies analysts said the $100M upfront should give TESARO adequate cash to operate through approximately 2018 and that the deal 'indicates unlikely…

Sep 15, 2022 OncLive Bearish

Manufacturers of niraparib (Zejula), olaparib (Lynparza) and rucaparib (Rubraca) voluntarily withdrew indications for heavily pretreated BRCA-mutated advanced…

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

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TESARO licensed Japan rights for niraparib in all tumor types and South Korea/Taiwan/Russia/Australia rights in all tumors except prostate cancer to Takeda. TESARO received $100M upfront plus up to $240M in regulatory and commercial milestones, plus tiered double-digit royalties on Takeda territory net sales. Niraparib is the PARP inhibitor approved as ZEJULA in ovarian cancer maintenance.

Did it work? Outcome assessment

A small regional licensing deal (not the GSK $5.1B TESARO buyout) that eventually delivered a real but unspectacular APAC product launch

Strategic verdict
Partially Achieved

Key facts

Related deals — scored

DealYearValueOutcome
Takeda Pharmaceutical Company Ltd. / Tesaro Inc. (this deal)2017$340M54
Takeda Pharmaceutical Company Ltd. / Nimbus Lakshmi2022$6.0B82
Takeda Pharmaceutical Company Ltd. / Millennium Pharmaceuticals2003$8.8B82
Takeda Pharmaceutical Company Ltd. / Ariad Pharmaceuticals2003$5.2B77
Takeda Pharmaceutical Company Ltd. / Nycomed2011$13.7B72
Takeda Pharmaceutical Company Ltd. / Millennium Pharmaceuticals2008$8.8B68
Takeda Pharmaceutical Company Ltd. / Denali Therapeutics Inc.2018$1.2B64

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