Pharma BD Deal Intelligence

AstraZeneca PLC / Icosavax Inc.

2023 · Acquisition/Merger · $1.1B · Complete

CALLED IT — OFF BY 19
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The coverage arc

Jan 25, 2004 Wikipedia Neutral

AstraZeneca acquired Icosavax for $1.1B for RSV vaccine development.

Dec 12, 2023 GeekWire Bullish

AstraZeneca will pay up to $1.1B to acquire Icosavax, a University of Washington biotech spinout developing VLP vaccines

Feb 20, 2024 Pharmaceutical Technology Bullish

AstraZeneca completes Icosavax acquisition for $1.1bn, gaining RSV and hMPV combination vaccine candidate IVX-A12

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AstraZeneca acquired Icosavax for up to $1.1B ($800M upfront plus a contingent value right of up to ~$5/share) to add IVX-A12, a bivalent protein virus-like-particle vaccine candidate targeting RSV and human metapneumovirus (hMPV) in older adults. The deal closed in February 2024. As of late 2025, the IVX-A12 Phase 2 program had completed (NCT05903183, NCT06481579) but no Phase 3 trial had been publicly registered, so the 'Phase III-ready' asset that underpinned the acquisition had not yet visibly advanced to pivotal development.

Key facts

Related deals — scored

DealYearValueOutcome
AstraZeneca PLC / Icosavax Inc. (this deal)2023$1.1B61
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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