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Blog & Resources Camargo Blog September 2nd, 2008

Shionogi to Buy Sciele Pharma

Shionogi, a Japan-based pharmaceutical company, announced yesterday (9/1/2008) that it would buy Atlanta-based Sciele Pharma for $1.42 billion – 57% premium to the current share price. Shionogi’s analysis of the purchase is here. Sciele’s business strategy relies on 505(b)(2) drug development. Sciele in-licenses products in a wide range of therapeutic categories. Products include fenofibrate (lower doses), clonidine (sustained-release) and nitroglycerin (oral spray).

Apparently, Shionogi is buying both existing products, a pipeline and, most importantly, a seasoned sales force.

It’s nice to see 505(b)(2) products going for such multiples!


Categories: 505(b)(2) Development

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