Pharma BD Deal Intelligence

Allergan plc / Kythera Biopharmaceuticals, Inc.

2015 · Acquisition/Merger · $2.1B · Complete

WRONG BY 52 POINTS
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The coverage arc

Jun 17, 2015 FierceBiotech Neutral

Allergan paid $2.1B for a single approved aesthetics asset analysts pegged at ~$300M peak — a premium framed by the strategic need to own every game-changing…

Jun 17, 2015 GEN (Genetic Engineering News) Neutral

Industry observers flagged the rich price relative to Kybella's narrow indication, but acknowledged Allergan's premium-aesthetics commercial machine could…

Jun 18, 2015 Zacks/Nasdaq Analyst Blog Bullish

Kythera shares surged on the $75/share buyout; analysts viewed Kybella as having multi-million dollar potential given submental fullness affects ~67% of…

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

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Allergan acquired Kythera Biopharmaceuticals for approximately $2.1B in cash, gaining Kybella, the first non-surgical injectable treatment for moderate-to-severe submental fullness. Closed October 1, 2015.

Did it work? Outcome assessment

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

Key facts

Related deals — scored

DealYearValueOutcome
Allergan plc / Kythera Biopharmaceuticals, Inc. (this deal)2015$2.1B23
Allergan plc / Merck & Co., Inc. (CGRP receptor antagonist program)2015$250M91
Allergan plc / SkinMedica, Inc.2012$375M55
Allergan plc / Inamed Corporation2005$3.2B50
Allergan plc / Oculeve, Inc.2015$250M33
Allergan plc / Zeltiq Aesthetics, Inc.2017$2.5B32
Allergan plc / Anterios, Inc.2016$90M19

Compare all 7 side-by-side →

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