Pharma BD Deal Intelligence

Inflazyme Pharmaceuticals Ltd. / AdProTech Limited

2004 · Acquisition/Merger · $20M · Complete

WRONG BY 42 POINTS

Value destroyed: $20M all-stock deal ended with the entire combined R&D portfolio sold for $4M cash three years later, followed by company wind-down

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The coverage arc

Apr 20, 2004 BioSpace Bullish

Inflazyme exchanged 12,684,055 common shares for AdProTech, valued at ~C$20M, gaining a complement-inhibition platform, a Phase IIa rheumatoid arthritis asset,…

Sep 14, 2005 Globe and Mail Bearish

Inflazyme cuts jobs after drug trial failure — within ~18 months of the AdProTech acquisition, the combined entity faced clinical setbacks that triggered…

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

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April 2004; 12.7M Inflazyme shares; UK biotech; complement system inhibitors; ex-GSK spinout

Did it work? Outcome assessment

Value destroyed: $20M all-stock deal ended with the entire combined R&D portfolio sold for $4M cash three years later, followed by company wind-down

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Inflazyme Pharmaceuticals Ltd. / AdProTech Limited (this deal)2004$20M8
UCB SA / Celltech Group plc2004$2.7B92
Yamanouchi Pharmaceutical / Fujisawa Pharmaceutical Co. Ltd.2004$7.6B84
Abbott Laboratories / TheraSense Inc.2004$1.2B81
Sanofi-Synthelabo SA / Aventis SA2004$65.0B80
Genzyme Corporation / ILEX Oncology Inc.2004$1.0B66
Hospira Inc. / Abbott Hospital Products Division200454

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