{"id":95164,"date":"2024-08-27T00:00:00","date_gmt":"2024-08-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/"},"modified":"2024-08-27T00:00:00","modified_gmt":"2024-08-27T00:00:00","slug":"mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/","title":{"rendered":"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn"},"content":{"rendered":"

Mubadala + Singaporean CBC acquire UCB\u2019s neurology and allergy business in China<\/strong>: <\/strong>Mubadala has acquired Belgian biopharma firm UCB<\/a> \u2019s carved out neurology and allergy business in China in a transaction worth USD 680 mn alongside Singapore-based healthcare-focused asset manager CBC Group<\/a>, according to a press release<\/a>. The transaction is expected to be finalized by 4Q 2024.<\/p>\n

What do Mubadala and CBC own now?<\/strong> The portfolio UCB sold to Mubadala and CBC includes drugs such as Keppra, Vimpat and Neupro, and anti-allergy medicines Zyrtec and. The transaction will also see the sovereign wealth fund acquire UCB\u2019s manufacturing facility in the city of Zhuhai.<\/p>\n

Mubadala wants to tap into China\u2019s CNS medicine market + the wider Asian pharma market:<\/strong> \u201cThe central nervous system (CNS) is a large and growing therapeutic area in China that has an urgent clinical need,\u201d the sovereign wealth fund\u2019s head of healthcare Mina Hamoodi said in a separate press release<\/a>. \u201cWe look forward to building out a broader CNS-focused platform to benefit the China market,\u201d he added. Healthcare and pharma carve-outs are at the forefront of Mubadala\u2019s investment strategy in Asia, the statement said.<\/p>\n

The transaction will help UCB expand its offerings:<\/strong> UCB plans to launch new immunology, neurology, and rare disease medicines as the firm shifts its focus to \u201cefforts on innovation and partnerships, ensuring that its strategic goals align with the evolving demands of the Chinese market,\u201d the press release reads. <\/p>\n

Mubadala and CBC are no strangers, and Mubadala is not new to the Chinese pharma market:<\/strong> Last October, the sovereign wealth fund participated in an USD 875 mn funding round<\/a> for CBC\u2019s life sciences real assets venture, CLSRA Venture I. Mubadala and CBC also teamed up to raise USD 315 mn<\/a> in funding for Chinese biopharma firm Hasten in April 2023. <\/p>\n

ADVISORS-<\/strong> PJT Partners acted as the financial advisor to Mubadala and CBC, while Clifford Chance served as the legal advisor. UCB appointed Lazard to act as financial advisor and Freshfields Bruckhaus Deringer to act as legal advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mubadala aims to grow Chinese UCB\u2019s central nervous system offerings<\/p>\n","protected":false},"author":1,"featured_media":95165,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,1344,60,1343,261],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-ma","tag-ma-watch","tag-mubadala","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"666153cd-f82e-4fed-be17-53232488fc86","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2294.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn","related_issue":[95159],"teaser":"Mubadala aims to grow Chinese UCB\u2019s central nervous system offerings","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.b4d99e28-7d8c-42f6-970c-3f61fec539bf.mp3"},"yoast_head":"\nMubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn\" \/>\n<meta property=\"og:description\" content=\"Mubadala aims to grow Chinese UCB\u2019s central nervous system offerings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-27T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn\",\"datePublished\":\"2024-08-27T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/\"},\"wordCount\":346,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM UAE\",\"M&A\",\"M&A WATCH\",\"Mubadala\",\"pharma\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/\",\"name\":\"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-08-27T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/","og_locale":"en_US","og_type":"article","og_title":"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn","og_description":"Mubadala aims to grow Chinese UCB\u2019s central nervous system offerings","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/","og_site_name":"UAE","article_published_time":"2024-08-27T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn","datePublished":"2024-08-27T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/"},"wordCount":346,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM UAE","M&A","M&A WATCH","Mubadala","pharma"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/","name":"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1","datePublished":"2024-08-27T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/08\/27\/mubadala-snaps-up-ucbs-neurology-allergy-business-in-china-for-usd-680-mn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Mubadala snaps up UCB\u2019s neurology, allergy business in China for USD 680 mn"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2294.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/95164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=95164"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/95164\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/95159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/95165"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=95164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=95164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=95164"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=95164"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=95164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}