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Case Study

Cyna Pharma: Reaping the rewards of perseverance (B)

By Benoit F. Leleux, Jennifer Jordan, Omar Toulan and Beverley Lennox

5 pages

January 2022

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Reference: IMD-7-2317

The B case describes the events – including the offers and the negotiation – leading up to Sundown’s acquisition of Cyna for US$40.50 per share in cash or US$624 million (approximately C$841 million) – a 120% premium over the closing price of just over US$18 a share before the deal was announced. The case also brings the reader up to date on the turns Anthony’s life has taken since the acquisition and some of the exciting ventures in which he is now involved.

Learning Objective

Managing growth in a biopharma company
Leadership in a pharma company, from start-up to listed firm and trade sale
Developing resilience in a firm – managing risk

Keywords

Entrepreneurship, Leadership, Biopharmaceutical, Initial Public Offering, Clinical Trial, Funding, Acquisition, Finance

Settings

Canada
Cyna Pharma (Disguised), Healthcare, Biopharmaceuticals
2002–2016

Type

Field Research

Available Languages

English

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