Pharma BD Deal Intelligence

AstraZeneca PLC / Allergan plc

2016 · Licensing/Option · $1.5B · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Oct 03, 2016 Allergan plc / PR Newswire Bullish

Allergan entered into a licensing agreement with AstraZeneca to obtain worldwide rights to the MEDI2070 inflammatory disorder development program, an…

Oct 03, 2016 Genetic Engineering & Biotechnology News Neutral

AstraZeneca inks an up-to-$1.5B-plus licensing deal with Allergan for MEDI2070, with $250 million upfront and the balance in milestones, factually framing the…

Jan 28, 2020 Pharmaphorum (citing Jefferies) Bullish

Jefferies analysts described the AstraZeneca recovery of brazikumab as 'essentially a free new pipeline option,' a positive lens on the asset's terminal value…

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AstraZeneca licensed exclusive global rights to MEDI2070 (later brazikumab), a Phase 2b anti-IL-23p19 antibody for Crohn's disease, to Allergan for $250M upfront plus up to $1.27B in milestones plus tiered royalties (~$1.52B total). AstraZeneca passed one-third of payments to Amgen (original co-developer). Allergan later returned rights to AstraZeneca in 2020 to satisfy regulators ahead of AbbVie merger.

Key facts

Related deals — scored

DealYearValueOutcome
AstraZeneca PLC / Allergan plc (this deal)2016$1.5B
AstraZeneca PLC / Daiichi Sankyo Company, Limited2019$6.9B100
AstraZeneca PLC / KuDOS Pharmaceuticals Limited2005$210M98
AstraZeneca PLC / Alexion Pharmaceuticals Inc.2020$39.0B86
AstraZeneca PLC / Acerta Pharma2015$4.0B86
AstraZeneca PLC / Amgen Inc.2020$2.3B84
AstraZeneca PLC / MedImmune Inc.2007$15.6B82

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