Pharma BD Deal Intelligence

GlaxoSmithKline plc / Theravance, Inc.

2012 · Licensing/Option · $213M · Complete

CALLED IT — OFF BY 6
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The coverage arc

Apr 02, 2012 WRAL TechWire Bullish

GSK paid $213M for 10M Theravance shares at a 7.5% premium to the 5-day VWAP, lifting its stake to ~26.8% and signaling intent to deepen the respiratory…

Apr 09, 2012 Chemical & Engineering News Neutral

C&EN coverage characterized the move as GSK consolidating economic interest in its long-running LABA collaboration ahead of regulatory filings, with limited…

Jul 13, 2022 BioPharma Dive Bullish

Retrospective: Trelegy Ellipta (FF/UMEC/VI) emerged as the franchise jewel from the GSK-Theravance respiratory alliance, with Royalty Pharma paying $1.1B for…

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

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GSK equity investment to acquire 10M Theravance shares at $21.2887 (7.5% premium to 5-day VWAP) for $212.9M, raising stake from 18.3% to ~26.8%. Reinforced respiratory alliance covering Relovair, UMEC/VI, and triple-combination products.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Neutral
Pipeline outcome
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Key facts

Related deals — scored

DealYearValueOutcome
GlaxoSmithKline plc / Theravance, Inc. (this deal)2012$213M82
GlaxoSmithKline plc / Tesaro Inc.2018$5.1B79
GlaxoSmithKline plc / Pfizer Inc. (Consumer Healthcare Division)2018$12.7B76
GlaxoSmithKline plc / Novartis Consumer Healthcare JV2018$13.0B74
GlaxoSmithKline plc / ID Biomedical Corporation2005$1.4B64
GlaxoSmithKline plc / Vir Biotechnology Inc.2020$595M51
GlaxoSmithKline plc / Reliant Pharmaceuticals Inc.2007$1.6B47

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