Pharma BD Deal Intelligence

Bristol-Myers Squibb Company / Adnexus Therapeutics Inc.

2007 · Acquisition/Merger · $430M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Sep 24, 2007 SEC EDGAR (BMS 8-K Press Release Exhibit) Bullish

Definitive agreement under which BMS acquires all outstanding Adnexus shares for $430M gross / $415M net; Adnectins biologics platform a core strategic…

Jan 01, 2024 Wikipedia (Adnectin entry) Neutral

Adnexus adopted monobody technology commercially as Adnectins; BMS acquired Adnexus in 2007, making the Adnectin scaffold a core BMS biologics platform.

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$430M cash + up to $75M earnout. Adnectins biologics platform; Angiocept Phase I. Source: SEC, Fierce Biotech, WilmerHale.

Key facts

Related deals — scored

DealYearValueOutcome
Bristol-Myers Squibb Company / Adnexus Therapeutics Inc. (this deal)2007$430M
Bristol-Myers Squibb Company / Medarex Inc.2009$2.4B92
Bristol-Myers Squibb Company / Celgene Corporation2019$74.0B77
Bristol-Myers Squibb Company / MyoKardia Inc.2020$13.1B76
Bristol-Myers Squibb Company / Karuna Therapeutics2023$14.0B76
Bristol-Myers Squibb Company / Ono Pharmaceutical Co., Ltd.201176
Bristol-Myers Squibb Company / SystImmune Inc.2023$8.4B71

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