Amgen completed acquisition of BioVex on March 4, 2011 for $425M upfront plus up to $575M in regulatory and sales milestones. Lead asset OncoVEX (later Imlygic/T-VEC) was a Phase 3 oncolytic immunotherapy for melanoma; FDA-approved 2015.
Did it work? Outcome assessment
Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Assets Advanced
Assessment window: 5yr post-close.
Key facts
AnnouncedMar 04, 2011
ClosedMar 04, 2011
Deal value$1.0B
Deal typeAcquisition/Merger
Therapeutic areaMetastatic melanoma; head and neck cancer
IndicationsMetastatic melanoma; head and neck cancer