Pharma BD Deal Intelligence

Bayer AG / Asklepios BioPharmaceutical, Inc. (AskBio)

2020 · Acquisition/Merger · $4.0B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Nov 15, 2018 NORD — Pompe Disease Neutral

Pompe disease is a rare autosomal recessive lysosomal storage disorder caused by mutations in the GAA gene, with an estimated incidence of 1 in 40,000 live…

Oct 26, 2020 Fierce Pharma Bullish

Bayer is paying up to $4 billion to acquire AAV gene therapy company AskBio, the German pharma's biggest cell and gene therapy bet to date. The deal hands…

Aug 06, 2021 FDA Press Release — Nexviazyme Neutral

The U.S. Food and Drug Administration today approved Nexviazyme (avalglucosidase alfa-ngpt) for adults and children with late-onset Pompe disease. Nexviazyme…

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

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Bayer agreed to acquire Asklepios BioPharmaceutical (AskBio) for $2B upfront plus up to $2B in success-based milestones (~75% expected within five years). Brought industry-leading AAV gene therapy platform with proprietary Pro10 manufacturing and extensive AAV capsid/promoter library. Lead clinical programs in Pompe disease, Parkinson's, and congestive heart failure. AskBio operates independently post-close.

Did it work? Outcome assessment

Strategic verdict
Too Early
Financial impact
Neutral
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
Bayer AG / Asklepios BioPharmaceutical, Inc. (AskBio) (this deal)2020$4.0B
Bayer AG / Schering AG2006$21.5B79
Bayer AG / BlueRock Therapeutics2002$600M79
Bayer AG / Merck & Co., Inc.2014$14.2B71
Bayer AG / Schering AG (residual squeeze-out)2007$985M69
Bayer AG / Arvinas, Inc.2019$1.0B59
Bayer AG / Merck & Co. Inc.2014$14.2B56

Compare all 7 side-by-side →

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