Pharma BD Deal Intelligence

Merck & Co. Inc. / Inspire Pharmaceuticals, Inc.

2011 · Acquisition/Merger · $430M · Complete

WRONG BY 65 POINTS
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The coverage arc

Apr 05, 2011 Chain Drug Review Bullish

Trade press framed the acquisition as positioning Merck for ophthalmology growth via Inspire's specialty sales force and AzaSite revenue stream, alongside…

Apr 05, 2011 MedCity News Neutral

MedCity News framed the deal as Merck capitalizing on Inspire's pulmonary-program failure to pick up a specialty US ophthalmic sales force at a 26% premium…

Apr 05, 2011 The Pharma Letter Bullish

The Pharma Letter highlighted AzaSite as the headline asset and characterized the $430M outlay as a fair entry price for Merck into the prescription ophthalmic…

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

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Merck acquired Inspire Pharmaceuticals for $5.00/share cash, total ~$430M, to expand its ophthalmic franchise. Inspire products included AzaSite (azithromycin ophthalmic) and US co-promotion rights to Restasis. Closed May 2011.

Did it work? Outcome assessment

Strategic verdict
Failed to Achieve
Financial impact
Dilutive
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Merck & Co. Inc. / Inspire Pharmaceuticals, Inc. (this deal)2011$430M23
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

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