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Recordati Takes On New Debt To Fund $825m Enjaymo Buy

 
• By Elizabeth Cairns

Once the deal with Sanofi closes, the rare disease drug will become one of Recordati’s fastest forecast sellers.  

Red blood cells. Blood elements - red blood cells responsible for oxygen carrying over, regulation pH blood, a food and protection of cages of an organism. - Illustration

$825m looks like a lot to spend acquiring a drug that only sold €72m ($79m) in 2023, but sales of Sanofi’s Enjaymo are forecast to grow fast, and Recordati SpA has pounced on it. The asset is the only approved therapy for the rare B-cell lymphoproliferative disorder cold agglutinin disease (CAD), and faces little competition in the near term.

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