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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