Pharma BD Deal Intelligence

Genzyme Corporation / Biomatrix Inc.

2000 · Acquisition/Merger · $700M · Complete

CALLED IT — OFF BY 15
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The coverage arc

Mar 07, 2000 BioWorld Neutral

Duke Collier, incoming president of Genzyme Biosurgery: 'a combination of very strong device-selling skills and biotechnology product development is a pretty…

Sep 06, 2000 Wikipedia (Osteoarthritis) Neutral

Hyaluronic-acid intra-articular injections were FDA-approved for knee OA but later meta-analyses found only minor benefit, framing Synvisc as a category leader…

Dec 18, 2000 Wikipedia (Genzyme corporate history) Neutral

Genzyme acquired Biomatrix in 2000, combining it with Genzyme Tissue Repair and Genzyme Surgical Products to form the Genzyme Biosurgery tracking-stock…

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Genzyme acquired Biomatrix in a cash-and-stock deal valued at ~$700M (cash component ~$245M at $37/share for 28.4% of shares, stock for the balance). Combined with Genzyme Tissue Repair and Genzyme Surgical Products to create Genzyme Biosurgery tracking-stock entity. Closed Dec 18, 2000.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
Genzyme Corporation / Biomatrix Inc. (this deal)2000$700M65
Genzyme Corporation / SangStat Medical Corporation2003$600M78
Genzyme Corporation / ILEX Oncology Inc.2004$1.0B66
Genzyme Corporation / Bone Care International, Inc.2005$600M61
Genzyme Corporation / Novazyme Pharmaceuticals Inc.2001$138M54
Genzyme Corporation / Verigen AG2005$50M29
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97

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