Pharma BD Deal Intelligence

Bayer AG / KaNDy Therapeutics Ltd.

2019 · Acquisition/Merger · $875M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Aug 11, 2020 BioPharma Dive Bullish

"Bayer believes a small biotech in England has a blockbuster drug for menopause patients"; NT-814 "has the potential to be first drug of its kind to reach the…

Aug 11, 2020 FierceBiotech Bullish

Bayer's $425M upfront / up to $875M total deal positions the company to challenge Astellas' fezolinetant (Phase 3 NK3 antagonist) for the menopause market,…

Aug 11, 2020 Pharmaphorum Bullish

NT-814 is a non-hormonal, orally administered, potent and selective small molecule dual NK1/NK3 antagonist modulating the KNDy neurones; Bayer projects peak…

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

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Bayer acquired KaNDy Therapeutics for $425M upfront plus up to $450M in success-based milestones plus triple-digit million sales milestones. Lead asset NT-814 (now elinzanetant) is a dual NK-1/NK-3 receptor antagonist for menopausal vasomotor symptoms.

Key facts

Related deals — scored

DealYearValueOutcome
Bayer AG / KaNDy Therapeutics Ltd. (this deal)2019$875M
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

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