Pharma BD Deal Intelligence

Endo Pharmaceuticals Inc. / SkyePharma plc

2003 · Co-Development · $120M · Complete

WRONG BY 54 POINTS

Not actually an acquisition — a $120M licensing deal for two pain-management products that both flopped and was unwound within 4 years

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The coverage arc

Jan 03, 2003 SkyePharma PLC / Endo joint press release (SEC Form 6-K) Bullish

Endo received an exclusive license to US and Canadian rights for DEPOMORPHINE and Propofol IDD-D. SkyePharma will receive a US$25 million upfront payment plus…

May 18, 2004 Drugs.com FDA Approval History Bullish

DepoDur is an extended-release liposome injection of morphine sulfate FDA approved May 18, 2004 — the first single-dose extended-release epidural morphine…

Apr 21, 2006 BioSpace / SkyePharma-Endo joint release Bearish

Endo and SkyePharma agreed to terminate joint North American development of Propofol IDD-D after Phase II completion in 2004, ending the second leg of the…

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

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Endo paid $120M for rights to Depomorphine and Propofol IDD-D plus options on additional SkyePharma assets. Sources: Endo Pharmaceuticals 10-K (year 2003), industry coverage.

Did it work? Outcome assessment

Not actually an acquisition — a $120M licensing deal for two pain-management products that both flopped and was unwound within 4 years

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Endo Pharmaceuticals Inc. / SkyePharma plc (this deal)2003$120M17
Endo Pharmaceuticals Inc. / Algos Pharmaceutical Corporation2000$250M34
Endo Pharmaceuticals Inc. / Indevus Pharmaceuticals, Inc.2009$370M33
Endo Pharmaceuticals Inc. / HealthTronics, Inc.2010$223M17
Endo Pharmaceuticals Inc. / Qualitest Pharmaceuticals2010$1.2B17
Endo Pharmaceuticals Inc. / American Medical Systems Holdings, Inc.2011$2.9B13
Endo Pharmaceuticals Inc. / Penwest Pharmaceuticals Co.2010$144M13

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