Pharma BD Deal Intelligence

Astellas Pharma Inc. / Ogeda SA

2017 · Acquisition/Merger · $850M · Complete

WRONG BY 41 POINTS

First-in-class approval delivered, but launch badly missed guidance and a 2024 boxed warning plus new Bayer rival now cloud the payback math

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The coverage arc

Apr 03, 2017 BioPharma Dive Bullish

Framed the up-to-$850M acquisition as Astellas extending its women's health footprint beyond Mirabegron, with fezolinetant offering a differentiated…

Apr 04, 2017 Labiotech Bullish

Called the Ogeda exit one of the largest European biotech M&A deals of 2017 and a validation of Belgium's biotech ecosystem.

May 03, 2022 Endpoints News Bullish

Reported positive Phase 3 SKYLIGHT trial readouts, framing fezolinetant's path to FDA filing as a head-to-head race with Bayer's elinzanetant for the…

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

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Astellas agreed to acquire Ogeda for up to EUR 800M (~$850M), with EUR 500M (~$531M) upfront for 100% of equity and up to EUR 300M (~$319M) in clinical/regulatory milestones for fezolinetant. Fezolinetant is a selective NK3 receptor antagonist with positive Phase 2a data in menopause-related vasomotor symptoms.

Did it work? Outcome assessment

First-in-class approval delivered, but launch badly missed guidance and a 2024 boxed warning plus new Bayer rival now cloud the payback math

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
Astellas Pharma Inc. / Ogeda SA (this deal)2017$850M59
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Astellas Pharma Inc. / Sangamo Therapeutics, Inc.2026$50M63
Astellas Pharma Inc. / Ocata Therapeutics, Inc.2015$379M41
Astellas Pharma Inc. / Optimer Pharmaceuticals, Inc.2012$90M38
Astellas Pharma Inc. / OSI Pharmaceuticals2010$4.0B33

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