Pharma BD Deal Intelligence

Takeda Pharmaceutical Company Ltd. / TiGenix NV

2018 · Acquisition/Merger · $640M · Complete

WRONG BY 51 POINTS

Takeda's ~$632M bet on TiGenix's stem-cell therapy Alofisel collapsed: confirmatory trial failed, ~$500M impairment taken, and the drug was pulled from the EU (2024) and Japan (2026) markets.

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The coverage arc

Jan 05, 2018 Fierce Biotech Bullish

Takeda's EUR 1.78-a-share offer represents an 82% premium over TiGenix's pre-news close; Phase III data showed half of Cx601 patients went into remission…

Sep 28, 2021 pharmaphorum Bullish

Takeda's Alofisel acquisition pays off in Japan with the first allogeneic stem cell therapy approval in the country, validating the GI franchise expansion…

Apr 01, 2024 Takeda Newsroom Bearish

Takeda announces it will not pursue US regulatory approval for Alofisel following ADMIRE-CD II failure and will wind down commercialization in most markets,…

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

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Takeda announced cash tender offer for TiGenix at EUR 1.78/share (~EUR 520M / ~$640M) on January 5, 2018, with the offer launched February 8, 2018. Builds on a 2016 ex-US license for Cx601 (Alofisel), a first-in-class allogeneic stem cell therapy for complex perianal fistulas in Crohn's disease, strengthening Takeda's late-stage GI pipeline with US footprint potential.

Did it work? Outcome assessment

Takeda's ~$632M bet on TiGenix's stem-cell therapy Alofisel collapsed: confirmatory trial failed, ~$500M impairment taken, and the drug was pulled from the EU (2024) and Japan (2026) markets.

Strategic verdict
Failed to Achieve
Financial impact
Impaired/Written Down
Pipeline outcome
Assets Terminated

Key facts

Related deals — scored

DealYearValueOutcome
Takeda Pharmaceutical Company Ltd. / TiGenix NV (this deal)2018$640M13
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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