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BioMarin pays $691mm in cash plus up to $160mm in earn-outs for Prosensa

Executive Summary

BioMarin Pharmaceutical Inc. is acquiring all the outstanding shares of Dutch biotech Prosensa Holding NV for $17.75 each (a 53% premium), valuing the transaction at $641mm. At closing, BioMarin will buy $50mm in Prosensa convertible debt; if the transaction fails, the note will convert into 4.4mm Prosensa shares.
Deal Industry
  • Biotechnology
    • Antisense, Oligonucleotides
    • Drug Discovery Tools
    • Large Molecule
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash
    • Includes Contract
    • Includes Earnout
    • Intra-Biotech Deal

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