Eisai in deal to acquire MGI Pharma for $3.9 billion

Share this article:

Japanese drugmaker Eisai said Monday it would pay $3.9 billion in cash to buy Bloomington, MN,-based MGI Pharma.

The deal marks the largest acquisition of a foreign firm of any kind by a Japanese company so far this year, according to data tracker Thomson Financial.

Faced with major patent expiries in the US, Eisai is seeking to boost its product line.

Eisai's Aricept for Alzheimer's, which had sales of around $800 million in 2006, will lose patent protection in 2010, and has left the company looking for other drugs to fill the hole.
MGI Pharma makes Aloxi, an injection for cancer patients to help prevent post-chemotherapy nausea and vomiting. It also sells injectable Dacogen for the treatment of bone marrow disease myelodysplastic syndrome, the Gliadel Wafer for brain cancer, and Hexalen, a chemotherapy treatment for ovarian cancer. MGI Pharma reported 2006 sales of $342.8 million.

Share this article:

Email Newsletters

More in News

AstraZenca beefs up respiratory portfolio

AstraZenca beefs up respiratory portfolio

AstraZeneca has made an $875-million move to beef up its respiratory pipeline by making Almirall's lineup its own.

Amgen Q2 sales rise, company to lay off up to 2,900

Amgen Q2 sales rise, company to lay off ...

The majority of the layoffs will be in the US.

Doctors want to know how CMS plans to display Sunshine payment data

Doctors want to know how CMS plans to ...

Physician and industry trade groups are asking CMS to explain how context will be provided to the general public around the dollar sums drugmakers ascribe to doctors for things like ...