CBC Group and Mubadala Acquire UCB's Mature China Neurology & Allergy Portfolio to Create NeuroGen Pharma

November 29, 2024

CBC Group, in partnership with Mubadala Investment Company, has completed the US$680 million acquisition of UCB’s mature neurology and allergy product portfolio in China, including brands such as Keppra, Vimpat, Neupro, Zyrtec and Xyzal and a manufacturing site in Zhuhai. The assets have been combined into a new company named NeuroGen Pharma as an anchor platform to build an integrated CNS biopharma business in China and expand capability in neurology and allergy treatments.

Buyers
CBC Group, Mubadala Investment Company
Targets
UCB mature neurology and allergy business in China (transferred into NeuroGen Pharma)
Sellers
UCB
Industry
Pharmaceuticals
Location
Guangdong, China
Transaction Type
Buyout

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