Pharma BD Deal Intelligence

Merck & Co. Inc. / Immune Design Corp.

2019 · Acquisition/Merger · $300M · Complete

Outcome grade pending — assessed 5 years post-close.

Full analysis, sources & comparables →

The coverage arc

Feb 21, 2019 BioPharma Dive Bullish

Merck's $5.85/share offer represented a ~312% premium over Immune Design's depressed close, reflecting platform-acquisition logic following the CMB305 Phase…

Feb 21, 2019 MedCity News (citing SVB Leerink) Bullish

SVB Leerink's Jonathan Chang said the deal would 'bolster Merck's vaccine capabilities' and viewed competing bidders as unlikely, citing the existing G100 +…

Mar 07, 2019 Fierce Biotech Neutral

Nine-month negotiation backstory: 'Merck proposed acquiring the company for $200 million in cash, with two potential further payments of $85 million,' before…

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

All 8 sources with sentiment breakdown →

Merck agreed to acquire Immune Design for $5.85/share, or approximately $300 million, to add the GLAAS and ZVex platforms used to develop cancer vaccines and immunotherapies. Closed Q2 2019.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Merck & Co. Inc. / Immune Design Corp. (this deal)2019$300M
Merck & Co. Inc. / Acceleron Pharma Inc.2021$11.5B90
Merck & Co. Inc. / Peloton Therapeutics Inc.2019$2.2B88
Merck & Co. Inc. / AstraZeneca PLC2017$8.5B87
Merck & Co. Inc. / Moderna, Inc.2022$250M86
Merck & Co. Inc. / Moderna, Inc.2016$250M84
Merck & Co. Inc. / Eisai Co., Ltd.2018$5.8B83

Compare all 7 side-by-side →

See the full interactive analysis, sources & comparables →