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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
    Biopharmaceutical, Initial Public Offering, Clinical Trial, Funding, Acquisition
    Settings
    Canada
    Cyna Pharma (Disguised), Healthcare, Biopharmaceuticals
    2002–2016
    Type
    Field Research
    Copyright
    © 2022
    Available Languages
    English
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