Pharma BD Deal Intelligence

Hologic, Inc. / Third Wave Technologies, Inc.

2008 · Acquisition/Merger · $580M · Complete

WRONG BY 52 POINTS

Third Wave's Cervista platform got its FDA approvals, then got written down and cannibalized by Hologic's own competing Gen-Probe/Aptima technology within seven years.

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The coverage arc

Jun 09, 2008 GenomeWeb Bullish

GenomeWeb framed the transaction as Hologic's entry into molecular diagnostics on the back of Third Wave's Invader chemistry and pending HPV PMAs, positioning…

Jun 09, 2008 Modern Healthcare Neutral

Modern Healthcare reported the acquisition as a strategic bid for the high-growth molecular diagnostics segment, noting the deal would be modestly dilutive in…

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

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$11.25/share cash; HPV testing, Invader chemistry; closed July 24 2008

Did it work? Outcome assessment

Third Wave's Cervista platform got its FDA approvals, then got written down and cannibalized by Hologic's own competing Gen-Probe/Aptima technology within seven years.

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Hologic, Inc. / Third Wave Technologies, Inc. (this deal)2008$580M36
Hologic, Inc. / Gen-Probe Incorporated2012$3.8B78
Hologic, Inc. / Cynosure, Inc.2017$1.6B12
AstraZeneca PLC / Daiichi Sankyo Company, Limited2019$6.9B100
Novartis AG / Endocyte, Inc.2018$2.1B96
Astellas Pharma Inc. / Seagen Inc.2009$4.5B95
Bristol-Myers Squibb Company / Medarex Inc.2009$2.4B92

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