Pharma BD Deal Intelligence

Cephalon Inc. / Ception Therapeutics

2010 · Acquisition/Merger · $250M · Complete

WRONG BY 56 POINTS
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The coverage arc

Feb 22, 2010 FierceBiotech Bullish

Cephalon executes biologics diversification thesis with $250M Ception buyout following positive reslizumab Phase 2 in eosinophilic asthma.

Apr 05, 2010 Cephalon/PR Newswire Bullish

Cephalon announced completion of the Ception acquisition, with Ception becoming a wholly-owned subsidiary and Cephalon purchasing all outstanding capital stock…

Mar 23, 2016 Wikipedia (sourcing FDA / Teva / peer-reviewed clinical data) Neutral

Reslizumab journey from Schering-Plough → Ception → Cephalon ($250M, 2010) → Teva ($6.8B, 2011) → FDA approval as Cinqair in March 2016 for severe eosinophilic…

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

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Cephalon exercised option to acquire Ception for $250M following positive Phase 2 eosinophilic asthma data on reslizumab.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Cephalon Inc. / Ception Therapeutics (this deal)2010$250M23
Cephalon Inc. / Laboratoire L. Lafon S.A. (Group Lafon)2000$450M89
Cephalon Inc. / Salmedix, Inc.2005$160M89
Cephalon Inc. / Group Lafon (France)2001$450M80
Cephalon Inc. / Cell Therapeutics, Inc.2005$70M74
Cephalon Inc. / Anesta Corp.2001$444M65
Cephalon Inc. / Anesta Corp.2000$444M64

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