Zydus Cadila acquires US based Sentynl Therapeutics
Zydus Cadila, a leading global healthcare provider, has acquired Sentynl Therapeutics Inc., a US based specialty pharma company specialized in marketing of products in the pain management segment. The transaction will be EPS accretive. This acquisition is in alignment with Zydus’ strategy of entering into the specialty market space in the US market. The acquisition is solely funded by Bank of Tokyo-Mitsubishi UFJ. Leerink Partners LLC acted as exclusive financial advisor to Sentynl on the transaction.
With this acquisition, Zydus makes a foray into the specialty pain market in the US valued at $8 billion. It gains access to the specialty distribution network and a large prescriber base. Sentynl provides healthcare professionals with treatment solutions that enable them to meet the needs of individual patients. This acquisition will also enable the Zydus group to leverage its existing assets in the US.
Speaking on the development Pankaj R Patel, chairman and managing director, Zydus Cadila said, “We have always looked at opportunities that can add value to our operations and the acquisition of Sentynl opens up a new business avenue for us in the specialty prescription segment in the US. With a strong commitment to offer effective treatment solutions with a focus on pain management, this new development offers us a platform to launch more specialty products in the US market.”
Sentynl is a San Diego-based commercial-stage specialty pharma company which specializes in launching unique products and revitalizing marketed brands. With a strong focus on specialized products, Sentynl sources niche and effective products designed to treat pain and other central nervous system (CNS) conditions.