Pharma BD Deal Intelligence

Abbott Laboratories / Solvay Pharmaceuticals

2010 · Acquisition/Merger · $6.2B · Complete

One durable winner (Creon), one patent-cliff casualty (TriCor/Trilipix), and a decade of antitrust litigation on AndroGel that was ultimately reversed but never turned into upside.

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The coverage arc

Sep 28, 2009 PharmaTimes Bullish

Total consideration €5.2B (€4.5B upfront cash + up to €300M milestones 2011-2013 + ~€400M assumed liabilities); expected to add $0.10 EPS in 2010, increasing…

Feb 16, 2010 PR Newswire (Abbott statement) Bullish

Abbott CEO Miles White: 'The acquisition of Solvay Pharmaceuticals is a key part of Abbott's strategy to bolster our presence in key markets and deliver…

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Abbott completed acquisition of Solvay's pharmaceuticals unit for $6.2B (€4.5B), expanding emerging markets and pharmaceutical product portfolio. Deal originally announced 2009, closed February 2010.

Did it work? Outcome assessment

One durable winner (Creon), one patent-cliff casualty (TriCor/Trilipix), and a decade of antitrust litigation on AndroGel that was ultimately reversed but never turned into upside.

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Abbott Laboratories / Solvay Pharmaceuticals (this deal)2010$6.2B54
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

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