Pharma BD Deal Intelligence

Ciba-Geigy AG / Sandoz AG

1996 · Acquisition/Merger · $36.3B · Complete

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Top 25 most underrated deals we track Top 5 largest deals of the 1990s

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Mar 07, 1996 The Washington Post Neutral

Analysts said consolidation pressure in pharma had not gone away and predicted this would not be the last major merger as drug companies sought efficiency and…

Mar 18, 1996 Pensions & Investments (Palley-Needelman) Bullish

David Graham, Palley-Needelman: executives may be conservatively estimating cost savings at $1.5B annually; any underestimation will drive the price even…

Mar 17, 2014 PMLiVE (Salomon Brothers) Neutral

Salomon Brothers analyst Peter Laing: 'Consolidation in the industry hasn’t gone away and the pressure to cut costs hasn’t gone away. I don’t think this will…

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Ciba-Geigy and Sandoz merged in a deal valued at approximately $36.3 billion to create Novartis, the world's second-largest pharmaceutical company at the time. The merger of equals combined two diversified Swiss chemical and pharmaceutical conglomerates.

Key facts

Related deals — scored

DealYearValueOutcome
Ciba-Geigy AG / Sandoz AG (this deal)1996$36.3B98
Sanofi SA / Regeneron Pharmaceuticals, Inc.2007$1.0B97
AbbVie Inc. / Boehringer Ingelheim GmbH2016$2.2B95
Amgen Inc. / Immunex Corporation2001$16.0B91
Takeda Pharmaceutical Company Ltd. / Nimbus Lakshmi2022$6.0B82
LEO Pharma A/S / AstraZeneca PLC2016$1.1B80
Bayer AG / Schering AG2006$21.5B79

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