Daiichi Sankyo Acquires Plexxikon for $935,000,000

  • Feed Type
  • Date
    2/28/2011
  • Company Name
    Plexxikon
  • Mailing Address
    91 Bolivar Drive Berkeley, CA 94710
  • Company Description
    Plexxikon is a leader in the discovery and development of novel, small molecule pharmaceuticals. The company has utilized its proprietary discovery platform to successfully develop a portfolio of clinical and preclinical stage programs in a number of therapeutic areas, including metabolic disease, oncology, inflammation, CNS and cardiovascular disease.
  • Website
    http://www.plexxikon.com
  • Transaction Type
    M&A
  • Transaction Amount
    $935,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The purchase price for Plexxikon is $805 million up-front. Near-term milestone payments associated with the approval of PLX4032 could total an additional $130 million.

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