Pharma BD Deal Intelligence

Boehringer Ingelheim Vetmedica, Inc. / Wyeth/Fort Dodge Animal Health (divested assets)

2009 · Acquisition/Merger · Complete

CALLED IT — OFF BY 1

A regulatory remedy purchase, not a strategic bet — BI kept the vaccine brands ~7 years then folded them into a bigger $885M exit to Elanco as its own FTC price for buying Merial; the original Fort Dodge, Iowa plant was shuttered within 2 years.

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The coverage arc

Sep 21, 2009 Pfizer Inc. Neutral

Pfizer announced on September 21, 2009 the divestiture covered "cattle and small animal vaccines," "animal health pharmaceuticals," "research and manufacturing…

Oct 14, 2009 U.S. Federal Trade Commission Neutral

The FTC consent order required Pfizer 'to sell approximately half of Wyeth's Fort Dodge U.S. animal health business to Boehringer Ingelheim Vetmedica, Inc.,…

Oct 15, 2009 Pfizer — Wyeth Acquisition Completion Neutral

Pfizer completed its acquisition of Wyeth on October 15, 2009 following approval from all required government authorities; FTC conditions required divestiture…

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

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FTC-mandated divestiture: ~half of Wyeth's Fort Dodge US animal health business (cattle/dog/cat vaccines, horse vaccines) divested as condition of Pfizer-Wyeth merger. Source: FTC, Pfizer press.

Did it work? Outcome assessment

A regulatory remedy purchase, not a strategic bet — BI kept the vaccine brands ~7 years then folded them into a bigger $885M exit to Elanco as its own FTC price for buying Merial; the original Fort Dodge, Iowa plant was shuttered within 2 years.

Strategic verdict
Partially Achieved

Key facts

Related deals — scored

DealYearValueOutcome
Boehringer Ingelheim Vetmedica, Inc. / Wyeth/Fort Dodge Animal Health (divested assets) (this deal)200961
Astellas Pharma Inc. / Seagen Inc.2009$4.5B95
Bristol-Myers Squibb Company / Medarex Inc.2009$2.4B92
Johnson & Johnson / Cougar Biotechnology, Inc.2009$970M91
Pfizer Inc. / Wyeth2009$68.0B86
QIAGEN N.V. / DxS Ltd.2009$130M85
Sigma-Tau Group / Enzon Pharmaceuticals (Specialty Pharma business)2009$327M85

Compare all 7 side-by-side →

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