Pharma BD Deal Intelligence

Abbott Laboratories / Facet Biotech Corporation

2010 · Acquisition/Merger · $722M · Complete

CALLED IT — OFF BY 17
Full analysis, sources & comparables →

The coverage arc

Mar 09, 2010 CBS News (BNET) Bullish

Abbott's $27/share Facet bid topped Biogen's failed $17 hostile offer by 67% — analysts framed the outcome as Facet's board correctly rejecting Biogen's…

Mar 09, 2010 PharmaTimes Neutral

Abbott's Facet acquisition added a Phase III-ready MS biologic and four mid-stage oncology candidates plus an antibody engineering platform — viewed as a…

Mar 02, 2018 Wikipedia (FDA / EMA / clinical literature) Bearish

Daclizumab (Zinbryta) was voluntarily withdrawn globally in March 2018 by Biogen and AbbVie after EMA flagged 'serious and potentially fatal immune reactions'…

Source summaries from our enrichment pipeline; follow links for originals.

All 5 sources with sentiment breakdown →

Abbott to acquire Facet Biotech for $27/share cash (~$722M gross, ~$450M net of Facet's cash). Adds daclizumab Phase II MS biologic and oncology compounds. Closed April 21, 2010.

Did it work? Outcome assessment

Strategic verdict
Failed to Achieve
Financial impact
Impaired/Written Down
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Abbott Laboratories / Facet Biotech Corporation (this deal)2010$722M33
Abbott Laboratories / Knoll Pharmaceutical Company (BASF Pharma)2001$6.9B100
Abbott Laboratories / Knoll Pharmaceuticals (BASF Pharma)2000$6.9B95
Abbott Laboratories / Alere Inc.2016$5.8B95
Abbott Laboratories / St. Jude Medical2016$30.5B82
Abbott Laboratories / TheraSense Inc.2004$1.2B81
Abbott Laboratories / Vysis Inc.2001$355M79

Compare all 7 side-by-side →

See the full interactive analysis, sources & comparables →