Pharma BD Deal Intelligence

Cephalon Inc. / Anesta Corp.

2000 · Acquisition/Merger · $444M · Complete

Announcement Sentiment
80
Strongly positive

Cephalon acquired Anesta in an all-share deal worth ~$444M ($31.45/share). Brought worldwide rights to Actiq (OTFC fentanyl) for breakthrough cancer pain — Cephalon's first marketed in-house product alongside Provigil. Closed October 2000.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Accretive
Pipeline outcome
Assets Advanced

Key facts

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