Pharma BD Deal Intelligence

AstraZeneca PLC / Pfizer Inc.

2016 · Asset Purchase · $1.6B · Complete

WRONG BY 43 POINTS

A sub-scale antibiotics bolt-on that never became core — nearly a decade later Pfizer is trying to sell the whole business unit it sits in.

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The coverage arc

Aug 23, 2016 Pfizer press release Bullish

John Young, Group President, Pfizer Essential Health: 'As we continue to reshape our Essential Health portfolio, we are focusing on areas that further address…

Aug 24, 2016 GEN (Genetic Engineering & Biotechnology News) Bullish

Analysts viewed the deal as a bargain price for a marketed and late-stage antibiotic portfolio, reflecting the broader industry retreat from anti-infectives…

Dec 22, 2016 Pfizer Bullish

Pfizer closed the AstraZeneca anti-infectives acquisition, adding Zavicefta and a Phase 3 ATM-AVI to one of the broadest hospital antibacterial portfolios in…

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

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AstraZeneca sold its small molecule antibiotics business to Pfizer for up to $1.575B: $550M upfront cash, $175M deferred (paid January 2019), up to $250M in milestone payments, plus up to $600M in sales-related payments and tiered royalties on Zavicefta and ATM-AVI. Portfolio: marketed Zavicefta, Merrem, Zinforo plus clinical-stage ATM-AVI and CXL. Completed December 2016.

Did it work? Outcome assessment

A sub-scale antibiotics bolt-on that never became core — nearly a decade later Pfizer is trying to sell the whole business unit it sits in.

Strategic verdict
Failed to Achieve
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
AstraZeneca PLC / Pfizer Inc. (this deal)2016$1.6B36
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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