Pharma BD Deal Intelligence

Auxilium Pharmaceuticals, Inc. / QLT Inc.

2014 · Reverse Merger · $850M · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jun 26, 2014 Auxilium Pharmaceuticals 8-K (Ex-99.1 press release) Bullish

Auxilium and QLT entered a definitive agreement to merge in a deal valued at US$850 million; transaction expected to drive shareholder value by accelerating…

Jun 26, 2014 Torys LLP (deal summary) Neutral

On June 26, 2014, Auxilium and QLT announced a definitive agreement to merge in a deal valued at US$850 million; Auxilium shareholders would own approximately…

Oct 09, 2014 GlobeNewswire (QLT) Bearish

QLT announced merger termination after Auxilium accepted Endo's superior proposal; QLT received $28.4M termination fee and chairman Jason Aryeh stated company…

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Auxilium and Vancouver-based QLT announced a $850M tax-inversion reverse merger that would have left Auxilium shareholders owning 76% of the combined Canadian-domiciled entity. Terminated October 9, 2014 when Auxilium accepted a superior $2.6B bid from Endo; QLT received a $28.4M termination fee.

Key facts

Related deals — scored

DealYearValueOutcome
Auxilium Pharmaceuticals, Inc. / QLT Inc. (this deal)2014$850M
Johnson & Johnson / Abbott Medical Optics2003$4.3B70
Johnson & Johnson / Abbott Laboratories (Abbott Medical Optics)2016$4.3B66
Merck & Co. Inc. / EyeBio Ltd.2024$3.0B61
Viatris / Oyster Point Pharma, Inc.2022$299M58
Teva Pharmaceutical Industries Ltd. / Samsung Bioepis Co., Ltd.202651
EyeTech Pharmaceuticals Inc. / Gilead Sciences Inc. (NX-1838 license)2000$32M47

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