find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Pharmaceutical sector puts spring into September

Pharmaceutical sector puts spring into September

There have been signs of renewed activity in the pharmaceuticals sector in September, with two significant deals announced in recent weeks.On 3 September, Peplin Inc (Peplin) announced a…

There have been signs of renewed activity in the pharmaceuticals sector in September, with two significant deals announced in recent weeks.

On 3 September, Peplin Inc (Peplin) announced a proposed $US287.5 million ($348.4 million) merger with LEO Pharma A/S, a privately held global pharmaceutical company based in Denmark. Under the merger, LEO will acquire all outstanding securities of Peplin for $US287.5 million in cash, subject to Peplin shareholders' approval and other customary conditions. The deal is expected to close by the end of the year. Corrs Chambers Westgarth is acting as Australian legal counsel to Peplin. Corporate M&A partner James Rozsa is leading the Corrs deal team, which includes Clare Dunne and Penny Shalders. Gilbert+Tobin is acting as Australian legal counsel to LEO Pharma A/S.

On 7 September, Sigma Pharmaceuticals launched a $297m capital raising, following on from Sigma's acquisition of a Bristol-Myers Squibb unit in Melbourne. The money raised will be used to fund this recent acquisition and to reduce gearing.

Mallesons Stephen Jaques is acting for the underwriter, Deutsche Bank, on the Sigma capital raising. Partner David Friedlander is leading the Mallesons team, supported by senior associates Adam Levine and Simon Panegyres and solicitors Jessica Hudson and Amanda Isouard.

Deal summary:

Peplin/ LEO Pharma merger

Sigma Pharmaceuticals capital raising

Key Players:

Corrs Chambers Westgarth, Mallesons Stephen Jaques, Gilbert + Tobin, Deutsche Bank

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Pharmaceutical sector puts spring into September
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Dec 11 2017
Warm welcome for new district court judges
Three practitioners who were appointed as district court judges in WA have been congratulated by ...
Lawyers welcome same-sex marriage reform
Dec 11 2017
Lawyers welcome same-sex marriage reform
Australian lawyers have welcomed the recent legalisation of same-sex marriage, after a prolonged nat...
Senate disallows double standards for temporary visa holders
Dec 8 2017
Senate disallows double standards for temporary visa holders
Lawyers have welcomed the Senate’s rejection of regulations imposing strict penalties on temporary...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...