Pharma BD Deal Intelligence

AstraZeneca PLC / Takeda Pharmaceutical Company Limited (core respiratory business)

2015 · Asset Purchase · $575M · Complete

WRONG BY 42 POINTS

AZ paid ~$575M for a respiratory bundle, kept the one good asset (Daliresp) until it went generic, and sold the other two brands off as non-core within 2-3 years for $350M.

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The coverage arc

Dec 16, 2015 GlobeNewswire (AstraZeneca) Bullish

The agreement with Takeda complements our respiratory business, one of our three main therapy areas, supports our return to growth and will be immediately…

Dec 17, 2015 BioWorld Bullish

BioWorld characterized the $575M deal as AZ 'sewing up' global Daliresp rights, consolidating control of the only approved oral PDE4 inhibitor for COPD.

May 03, 2016 PharmaTimes Bullish

AZ characterized the deal as 'accretive to its 2016 earnings,' strengthening its respiratory franchise and complementing its severe COPD portfolio; 200 Takeda…

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

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AstraZeneca acquired Takeda's core respiratory business including expanded global rights to roflumilast (Daliresp/Daxas), the only approved oral PDE4 inhibitor for COPD, for $575M. Closed 2016.

Did it work? Outcome assessment

AZ paid ~$575M for a respiratory bundle, kept the one good asset (Daliresp) until it went generic, and sold the other two brands off as non-core within 2-3 years for $350M.

Strategic verdict
Failed to Achieve
Financial impact
Accretive
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
AstraZeneca PLC / Takeda Pharmaceutical Company Limited (core respiratory business) (this deal)2015$575M41
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