Pharma BD Deal Intelligence
AstraZeneca exited the anti-infectives category it built around Novexel within a decade—the $505M 2009 deal delivered a real regulatory win (avibactam approved as Avycaz/Zavicefta), but AstraZeneca sold the whole business, including Zavicefta, to Pfizer for up to $1.5B in 2016 rather than commercialize it long-term.
Avibactam became a real approved antibiotic, but AstraZeneca exited the whole category to Pfizer within a decade rather than commercialize its own prize.
Full analysis, sources & comparables →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…
AstraZeneca snaps up antibiotics company Novexel for US$505 million, a Sanofi-Aventis anti-infectives spin-off, to bolster its resistant-infection drug…
Avibactam, originally NXL104, was approved as Avycaz (ceftazidime/avibactam) in 2015 for complicated UTIs and intra-abdominal infections, validating…
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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.
Avibactam became a real approved antibiotic, but AstraZeneca exited the whole category to Pfizer within a decade rather than commercialize its own prize.
Assessment window: 15yr post-close.
2.8M US cases/yr
Multidrug-resistant Gram-negative bacterial infections, including carbapenem-resistant Enterobacteriaceae (CRE), ESBL-producing organisms, and resistant Pseudomonas, are among the most urgent public-health threats. They cause complicated urinary tract and intra-abdominal infections that are difficult to treat because beta-lactamase enzymes destroy most beta-lactam antibiotics, leaving few therapeutic options.
At the time of the December 2009 acquisition, the late-stage Gram-negative antibiotic landscape was thin: Merck's Invanz (ertapenem), Pfizer's Zosyn (piperacillin/tazobactam), and AstraZeneca's own Merrem (meropenem) faced rising resistance, and Forest's Teflaro (ceftaroline) was preparing US filings for skin/CABP. NXL104 (avibactam) was the only late-stage non-beta-lactam beta-lactamase inhibitor active against class A, C, and some class D enzymes, designed to revive ceftazidime and ceftaroline against CRE/ESBL pathogens. The AstraZeneca-Forest co-development structure split US economics on CAZ104 and CEF104 and gave AstraZeneca control of an asset that ultimately became Avycaz (ceftazidime/avibactam, FDA-approved 2015) and underpinned Pfizer's later $15B Hospira-AstraZeneca antibiotic acquisitions. The deal positioned AZ as the most credible Gram-negative antibiotics player at a moment when GSK and Wyeth were retrenching, and it converted a single French biotech asset into a franchise that anchored AZ's small-molecule anti-infective portfolio for a decade.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| AstraZeneca PLC / Novexel S.A. (this deal) | 2009 | $505M | 52 |
| AstraZeneca PLC / Daiichi Sankyo Company, Limited | 2019 | $6.9B | 100 |
| AstraZeneca PLC / KuDOS Pharmaceuticals Limited | 2005 | $210M | 98 |
| AstraZeneca PLC / Alexion Pharmaceuticals Inc. | 2020 | $39.0B | 86 |
| AstraZeneca PLC / Acerta Pharma | 2015 | $4.0B | 86 |
| AstraZeneca PLC / Amgen Inc. | 2020 | $2.3B | 84 |
| AstraZeneca PLC / MedImmune Inc. | 2007 | $15.6B | 82 |
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