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Expands its oncology leadership capabilities in the U.S.
April 1, 2021
By: Charlie Sternberg
Servier, a global pharmaceutical company, has successfully completed its acquisition of Agios Pharmaceuticals’ commercial, clinical and research-stage oncology portfolio for up to $2 billion plus royalties. The acquisition strengthens Servier’s commercial presence in the U.S. malignant hematology market and provides the potential for long-term growth into the solid tumor space. “We are pleased to welcome an exceptionally talented team that will allow us to strengthen our strategic focus in oncology and expand our scientific capabilities in cellular metabolism,” said Olivier Laureau, president of Servier. “It is an important milestone in Servier’s oncology strategy as it significantly reinforces the Group’s presence in the U.S. Together, with this expanded team, we remain committed to addressing the unmet needs of patients living with cancer across the globe.” “We appreciate the support of our employees, partners and Agios team in ensuring a seamless integration,” commented David K. Lee, CEO, Servier Pharmaceuticals. “The addition of Tibsovo and Idhifa to our pipeline allows us to expand our oncology leadership capabilities in the U.S. and accelerate scientific advancements for patients with hematological malignancies, including acute myeloid leukemia.” As part of the transaction, U.S.-based Agios employees who primarily support the oncology business will join Servier Pharmaceuticals LLC, a U.S. subsidiary of Servier. The transaction includes the transfer to Servier of Agios Pharmaceuticals’ oncology portfolio, development pipeline and research programs, notably:
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