Pharma BD Deal Intelligence

GlaxoSmithKline plc / ID Biomedical Corporation

2005 · Acquisition/Merger · $1.4B · Complete

CALLED IT — OFF BY 24

The Quebec plant became a long-term pillar of GSK's flu/pandemic vaccine supply chain, but a multi-year FDA/Health Canada quality crisis (2011-2014) undercut the operational story.

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The coverage arc

Sep 07, 2005 FierceBiotech Neutral

GSK pays $1.4B (CDN$35/share, ~CDN$1.7B) for ID Biomedical, betting on flu vaccine capacity expansion and pandemic preparedness positioning.

Dec 08, 2005 PharmaTimes Bullish

GSK CEO Jean-Pierre Garnier said the company would manufacture 150 million doses of seasonal flu vaccine a year by the end of the decade. Acquisition timed to…

Oct 05, 2006 CIDRAP Bullish

FDA approved FluLaval as fifth licensed US seasonal flu vaccine ten months after deal close - validating the acquisition thesis by adding meaningful US supply…

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

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GSK announces $1.4B acquisition of ID Biomedical (CDN$35/share, ~CDN$1.7B) plus $77M debt assumption. Gains Fluviral and influenza vaccine pipeline. Closed Dec 8, 2005.

Did it work? Outcome assessment

The Quebec plant became a long-term pillar of GSK's flu/pandemic vaccine supply chain, but a multi-year FDA/Health Canada quality crisis (2011-2014) undercut the operational story.

Strategic verdict
Partially Achieved

Key facts

Related deals — scored

DealYearValueOutcome
GlaxoSmithKline plc / ID Biomedical Corporation (this deal)2005$1.4B64
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GlaxoSmithKline plc / Pfizer Inc. (Consumer Healthcare Division)2018$12.7B76
GlaxoSmithKline plc / Novartis Consumer Healthcare JV2018$13.0B74
GlaxoSmithKline plc / Vir Biotechnology Inc.2020$595M51
GlaxoSmithKline plc / Reliant Pharmaceuticals Inc.2007$1.6B47

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