Pharma BD Deal Intelligence

Amgen Inc. / ChemoCentryx Inc.

2022 · Acquisition/Merger · $3.7B · Complete

CALLED IT — OFF BY 22
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The coverage arc

Aug 26, 2004 Wikipedia Neutral

Amgen acquired ChemoCentryx for $3.7B, maker of Tavneos for vasculitis.

Jan 19, 2026 pharmaphorum Bearish

Amgen baulks at FDA's Jan 16, 2026 request to withdraw Tavneos; CEO Robert Bradway calls it 'an important and effective medicine' citing favourable…

May 15, 2026 Healio Rheumatology Bearish

FDA seeks to withdraw avacopan approval over alleged data manipulation and false statements; ChemoCentryx (Amgen subsidiary) given opportunity for a hearing.

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Amgen acquired ChemoCentryx for $52.00 per share in cash, ~$3.7 billion (announced Aug 4, 2022; closed Oct 20, 2022 via tender offer + merger), to obtain TAVNEOS (avacopan), the first-in-class oral complement C5a receptor inhibitor approved for ANCA-associated vasculitis (AAV). The asset's outlook has since deteriorated sharply: TAVNEOS posted $283M in FY2024 sales (+111% YoY), but on January 16, 2026 the FDA requested that Amgen voluntarily withdraw avacopan, and Amgen declined. On April 27-30, 2026 FDA's CDER issued a formal Notice of Opportunity for a Hearing (Federal Register 91 FR 23278) proposing to withdraw NDA 214487, on grounds that the pivotal ADVOCATE trial failed to demonstrate efficacy under the original analysis and that unblinded personnel re-adjudicated primary-endpoint results for 9 of 331 patients in a manner FDA characterizes as data manipulation and untrue statements of material fact, compounded by serious drug-induced liver injury cases (including vanishing bile duct syndrome). Amgen (CEO Robert Bradway) maintains TAVNEOS is 'an important and effective medicine' and requested a hearing. The deal's sole core asset now carries existential regulatory risk, putting the $3.7B price (77x LTM revenue at deal) under severe pressure.

Key facts

Related deals — scored

DealYearValueOutcome
Amgen Inc. / ChemoCentryx Inc. (this deal)2022$3.7B61
Amgen Inc. / Immunex Corporation2002$16.0B92
Amgen Inc. / Immunex Corporation2001$16.0B91
Amgen Inc. / Micromet Inc.2012$1.2B88
Amgen Inc. / Five Prime Therapeutics2021$1.9B78
Amgen Inc. / Horizon Therapeutics plc2022$27.8B72
Amgen Inc. / Otezla (from Celgene/BMS)2019$13.4B68

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