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Christophe-Raphaël Ganet ...
  • Martial Descoutures

ODDO : Gilead / CymaBay deal: read across

>Acquisition of CymaBay by Gilead for $ 4.3bn - Yesterday afternoon, we learned that Gilead had acquired CymaBay. As a reminder, CymaBay is the leading competitor for Genfit/Ipsen in primary biliary cholangitis (PBC). Specifically, Gilead is to pay $ 32.50 per share, i.e. around $ 4.3bn to acquire CymaBay Therapeutics, and therefore the candidate medicine Seladelpar® in PBC. The financial terms and conditions imply a premium of 27% on the last closing price. This...
Underlyings
Genfit SA

Genfit is a biopharmaceutical company engaged in the discovery and development of drugs and biomarkers in therapeutic areas of high unmet need due to the lack of effective treatments or diagnostic tools and/or due to the increasing number of patients worldwide. Co. concentrates its research and development efforts to participate in the commercialization of treatment solutions and diagnostic tools to fight certain metabolic, inflammatory, autoimmune or fibrotic diseases affecting especially the liver (such as non-alcoholic steatohepatitis or "NASH").

Ipsen SA

Ipsen is global biotechnology specialty care company. Co. engages in research, development, manufacture and sale of pharmaceutical products for human healthcare. Co.'s product portfolio includes pharmaceutical products marketed around the world to specialists working in its targeted therapeutic areas (oncology, endocrinology, neurology and haematology). These products are specialist care drugs. Co. also markets products in other therapeutic areas including gastroenterology, cardiovascular and cognitive disorders. These products are primary care drugs. Co.'s brand names include Decapeptyl®, Somatuline®, Dysport®, Nutropin Aq®, Smecta®, Forlax®, Nisis®,Adrovance®, Exforge® and Adenuric®.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Christophe-Raphaël Ganet

Martial Descoutures

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Matthias Desmarais
  • Matthias Desmarais

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