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BioMarin acquires Amicus Therapeutics for $4.8 billion

PUBLIC · BMRNMay 08, 202624 days ago

Acquiring Company

BioMarin Pharmaceutical

Acquired Company

Amicus Therapeutics

San RafaelPhiladelphiaBiotechnologyBiotechnologyHealth CareTherapeutics

Description

BioMarin Pharmaceutical Inc. has completed its acquisition of Amicus Therapeutics for $4.8 billion. This acquisition adds several important treatments for rare genetic disorders to BioMarin's portfolio. CEO Alexander Hardy noted that the acquisition supports the company's growth in revenue and expands their capabilities in enzyme therapy.

Company Information

Company

BioMarin Pharmaceutical

Location

San Rafael, California, United States

About

BioMarin is a global biotechnology company dedicated to translating the promise of genetic discovery into medicines that make a profound impact on the life of each patient. The San Rafael, California-based company, founded in 1997, has a proven track record of innovation with eight commercial therapies and a strong clinical and preclinical pipeline. Using a distinctive approach to drug discovery and development, BioMarin seeks to unleash the full potential of genetic science by pursuing category-defining medicines that offer new possibilities for people living with genetically defined conditions around the world.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed