Pharma BD Deal Intelligence

Indevus Pharmaceuticals, Inc. / Schering AG

2005 · Asset Purchase · $30M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Dec 01, 2004 Drugs in R&D (Springer) Bullish

Springer's Drugs in R&D profile "Testosterone Undecanoate — Schering AG" documents Schering AG's discovery and European development of the depot formulation —…

May 30, 2013 FierceBiotech Neutral

FierceBiotech notes "AVEED was licensed from Bayer Schering Pharma AG, Germany to Indevus Pharmaceuticals, a company Endo acquired earlier this year," framing…

Mar 06, 2014 Genetic Engineering & Biotechnology News Bullish

GEN reported Aveed maintained serum testosterone in normal range for up to 10 weeks at steady state and was approved March 6, 2014 with a REMS — "the fourth…

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

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Indevus Pharmaceuticals acquired U.S. rights to NEBIDO/Aveed (testosterone undecanoate), a long-acting injectable testosterone, from Schering AG (Germany) in July 2005. Terms: up to $30M in upfront and milestone payments ($7.5M upfront, $5M on FDA approval, plus regulatory/commercialization milestones) and 25% of net sales to Schering. Endo Pharmaceuticals later inherited the U.S. rights through its 2009 acquisition of Indevus; Aveed was approved by the FDA in March 2014 with a REMS.

Key facts

Related deals — scored

DealYearValueOutcome
Indevus Pharmaceuticals, Inc. / Schering AG (this deal)2005$30M
AstraZeneca plc / KuDOS Pharmaceuticals Limited2005$210M98
Yamanouchi Pharmaceutical Co. / Fujisawa Pharmaceutical Co.200592
Sankyo Co., Ltd. / Daiichi Pharmaceutical Co., Ltd.2005$8.0B92
Cephalon, Inc. / Salmedix, Inc.2005$160M89
Roche Holding AG / GlycArt Biotechnology AG2005$182M80
Reckitt Benckiser plc / Boots Healthcare International2005$3.4B78

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