Pharma BD Deal Intelligence
Not actually an acquisition — a $125M-upfront licensing pact whose lead Alzheimer's drug was halted for primate tumors and the whole alliance was handed back, unmonetized, by AbbVie in 2021
Full analysis, sources & comparables →BioPharma Dive framed the deal as a confident standalone pivot post-Pfizer collapse, noting Allergan's pending $36B Teva proceeds would enable more aggressive…
FierceBiotech characterized the AbbVie termination of the inherited Allergan-Heptares pact as a confirmation that the muscarinic Alzheimer's program no longer…
AbbVie terminated the Heptares licensing agreement in January 2021 after acquiring Allergan, returning all rights to Sosei Heptares; HTL0018318 had been…
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Allergan licensed exclusive global rights from UK-based Heptares Therapeutics to a portfolio of novel subtype-selective muscarinic receptor agonists in development for Alzheimer's disease and other neurological disorders. Heptares received $125M upfront plus eligibility for up to ~$665M in Phase I, II, III development and launch milestones, plus tiered royalties.
Not actually an acquisition — a $125M-upfront licensing pact whose lead Alzheimer's drug was halted for primate tumors and the whole alliance was handed back, unmonetized, by AbbVie in 2021
Assessment window: 10yr post-close.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| Allergan plc / Heptares Therapeutics Ltd. (this deal) | 2016 | $790M | 12 |
| Allergan plc / Merck & Co., Inc. (CGRP receptor antagonist program) | 2015 | $250M | 91 |
| Allergan plc / SkinMedica, Inc. | 2012 | $375M | 55 |
| Allergan plc / Inamed Corporation | 2005 | $3.2B | 50 |
| Allergan plc / Oculeve, Inc. | 2015 | $250M | 33 |
| Allergan plc / Zeltiq Aesthetics, Inc. | 2017 | $2.5B | 32 |
| Allergan plc / Kythera Biopharmaceuticals, Inc. | 2015 | $2.1B | 23 |
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More: 2016 deals · Allergan plc deals · Neurology deals