Pharma BD Deal Intelligence

AstraZeneca PLC / Novexel S.A.

2009 · Acquisition/Merger · $505M · Complete

CALLED IT — OFF BY 23

Avibactam became a real approved antibiotic, but AstraZeneca exited the whole category to Pfizer within a decade rather than commercialize its own prize.

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The coverage arc

Dec 23, 2009 AstraZeneca Media Centre Bullish

AstraZeneca to acquire 100% of Novexel for $350M cash plus up to $75M in milestones, with Forest Laboratories paying half the acquisition cost in return for…

Dec 23, 2009 S&P Global Market Intelligence Neutral

AstraZeneca snaps up antibiotics company Novexel for US$505 million, a Sanofi-Aventis anti-infectives spin-off, to bolster its resistant-infection drug…

Feb 25, 2015 Wikipedia (avibactam regulatory record) Bullish

Avibactam, originally NXL104, was approved as Avycaz (ceftazidime/avibactam) in 2015 for complicated UTIs and intra-abdominal infections, validating…

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

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$350M cash + up to $75M milestones + ~$80M cash transfer. Beta-lactamase inhibitor NXL104 (avibactam). Linked Forest co-acquisition: Forest paid AZ ~half. Source: AstraZeneca press, Jones Day, S&P Global.

Did it work? Outcome assessment

Avibactam became a real approved antibiotic, but AstraZeneca exited the whole category to Pfizer within a decade rather than commercialize its own prize.

Strategic verdict
Partially Achieved

Key facts

Related deals — scored

DealYearValueOutcome
AstraZeneca PLC / Novexel S.A. (this deal)2009$505M52
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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