Pharma BD Deal Intelligence

Biogen Idec Inc. / Elan Corporation plc (Tysabri rights)

2013 · Asset Purchase · $3.2B · Complete

CALLED IT — OFF BY 23
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The coverage arc

Feb 06, 2013 European Pharmaceutical Review Bullish

European industry coverage emphasized that Biogen would gain full strategic, commercial, and decision-making rights, eliminating the prior collaboration…

Apr 02, 2013 BioPharm International Bullish

Industry coverage of close confirmed the replacement of the prior 50/50 Biogen-Elan profit-sharing arrangement with $3.25B upfront plus tiered royalties…

Apr 02, 2013 Bloomberg Law Bullish

Bloomberg Law characterized the close of the $3.25B Tysabri buyout as a strategic capital infusion to Elan plus a major consolidation of MS franchise economics…

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Biogen Idec acquired full rights and control of Tysabri from Elan for $3.25B upfront plus tiered royalties (12%/18%/25%); originally announced Feb 6, 2013 and closed Apr 2, 2013.

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Key facts

Related deals — scored

DealYearValueOutcome
Biogen Idec Inc. / Elan Corporation plc (Tysabri rights) (this deal)2013$3.2B77
Biogen Idec Inc. / Conforma Therapeutics Corporation2006$250M11
UCB SA / Celltech Group plc2004$2.7B92
Johnson & Johnson / Centocor Inc.1999$4.9B92
Takeda Pharmaceutical Company Ltd. / Millennium Pharmaceuticals2003$8.8B82
Bristol-Myers Squibb Company / Celgene Corporation2019$74.0B77
Gilead Sciences Inc. / CymaBay Therapeutics2024$4.4B76

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