Pharma BD Deal Intelligence

Amgen Inc. / Immunex Corporation

2001 · Acquisition/Merger · $16.0B · Complete

CALLED IT — OFF BY 21

Enbrel mega-deal built Amgen into global biotech leader with 30-year franchise

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Top 25 largest deals of the 2000s

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Dec 18, 2001 The Washington Post Bullish

Amgen agrees to buy Immunex in record biotech deal valued at about $16 billion in cash and stock.

Jul 12, 2002 Federal Trade Commission Neutral

The FTC cleared the $16 billion acquisition of Immunex Corporation by Amgen Inc., resolving anticompetitive concerns in the market for colony stimulating…

Jul 16, 2002 Amgen Form 8-K Neutral

Amgen Inc. filed Form 8-K reporting the completion of its acquisition of Immunex Corporation.

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Amgen acquired Immunex for approximately $16 billion in stock and cash, gaining full rights to Enbrel (etanercept), the blockbuster anti-TNF therapy for rheumatoid arthritis. The deal was 85% stock (0.44 Amgen shares per Immunex share) and 15% cash ($4.50 per share).

Key facts

Related deals — scored

DealYearValueOutcome
Amgen Inc. / Immunex Corporation (this deal)2001$16.0B91
Amgen Inc. / Immunex Corporation2002$16.0B92
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
Amgen Inc. / BeiGene Ltd.2020$2.8B68

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