m_and_a
confidence high
sentiment positive
materiality 0.95
Sanofi to acquire Blueprint Medicines for $129/share plus CVRs; total equity value ~$9.1B
Blueprint Medicines Corp
- Sanofi will pay $129.00 per share cash plus one CVR (up to $6) per share; total equity value ~$9.5B fully diluted.
- Blueprint's Ayvakit net revenues $479M in 2024, ~$150M in Q1 2025 (+60% YoY).
- Acquisition adds elenestinib (next-gen SM) and BLU-808 (wild-type KIT inhibitor); CVR milestones tied to BLU-808.
- Transaction subject to regulatory approvals and tender of majority of shares; termination fees: Sanofi $500M, BPMC $318M.
- Blueprint board unanimously recommends the offer.
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