Pharma BD Deal Intelligence

Forest Laboratories, Inc. / Cerexa Inc.

2006 · Acquisition/Merger · $580M · Complete

WRONG BY 36 POINTS

Ceftaroline (Teflaro) reached market as promised but never hit the sales projections that justified the price — a durable niche antibiotic, not the blockbuster Forest paid for.

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The coverage arc

Dec 14, 2006 BioSpace Bullish

Ceftaroline is an important late-stage development product that can address serious and life-threatening infections in the hospital setting including MRSA. -…

Dec 14, 2006 S&P Global Market Intelligence Bullish

Forest to acquire privately-held biotech Cerexa for $480M; lead compound ceftaroline anticipated to enter late-stage trials in 2007 with potential market entry…

Dec 15, 2006 VentureBeat Neutral

Forest Labs acquires pharma company Cerexa for up to $580M, including the $480 million upfront and a $100 million milestone tied to ceftaroline sales.

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

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Antibiotics; ceftaroline (Teflaro); $480M + up to $100M milestone

Did it work? Outcome assessment

Ceftaroline (Teflaro) reached market as promised but never hit the sales projections that justified the price — a durable niche antibiotic, not the blockbuster Forest paid for.

Strategic verdict
Partially Achieved

Key facts

Related deals — scored

DealYearValueOutcome
Forest Laboratories, Inc. / Cerexa Inc. (this deal)2006$580M47
Forest Laboratories, Inc. / Clinical Data, Inc.2011$1.2B37
Forest Laboratories, Inc. / Aptalis Pharma Inc.2014$2.9B25
Eli Lilly and Company / ICOS Corporation2006$2.3B87
Crucell N.V. / Berna Biotech AG2006$450M85
Lonza Group AG / Cambrex Bioproducts and Biopharma businesses2006$460M83
Reckitt Benckiser plc / Boots Healthcare International2006$3.4B82

Compare all 7 side-by-side →

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