Pharma BD Deal Intelligence

Merit Medical Systems / BIOSPHERE MEDICAL INC

2010 · Acquisition/Merger · $96M · Complete

A $96M all-cash acquisition that gave Merit Medical embolotherapy microspheres for uterine fibroids and hypervascular tumors. The deal achieved its stated rationale, though a 60/100 pipeline outcome score points to modest follow-through beyond the initial product fit.

CALLED IT — OFF BY 24

Merit Medical / BioSphere Medical: Achieved Stated Rationale (Score: 65/100)

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The coverage arc

May 13, 2010 GlobeNewsWire Bullish

Merit Medical signs agreement to acquire BioSphere Medical for $4.38 per share or approximately $96 million in all-cash transaction

Sep 13, 2010 BioSpace Neutral

Merit Medical Systems completes acquisition of BioSphere Medical gaining leading position in embolization therapies for interventional radiology

Sep 13, 2010 GlobeNewsWire Bullish

Merit Medical completes acquisition of BioSphere Medical gaining leading position in embolic treatment of uterine fibroids and tumors

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Merit Medical Systems acquired BioSphere Medical for approximately $96M in an all-cash transaction ($4.38 per share), gaining embolotherapy/embolic microsphere products for the treatment of uterine fibroids and hypervascular tumors.

Did it work? Outcome assessment

Merit Medical / BioSphere Medical: Achieved Stated Rationale (Score: 65/100)

Strategic verdict
Achieved Stated Rationale

Key facts

Disease & market context

Interventional Radiology (Embolization)

600K US cases/yr · $1.0B US Embolization Market (2010)

Disease Overview

BioSphere Medical pioneered bioengineered microspheres (Embosphere) for embolotherapy. Merit Medical's $96M acquisition added platform technology to its interventional radiology portfolio for uterine fibroids ($650M market) and liver cancer ($380M market).

Post-Deal Impact

Embosphere became a core Merit Medical product. Embolization market expanded with interventional oncology growth. Merit Medical grew to >$1.3B revenue by 2023.

Deal timeline

Related deals — scored

DealYearValueOutcome
Merit Medical Systems / BIOSPHERE MEDICAL INC (this deal)2010$96M64
Pfizer Inc. / FoldRx Pharmaceuticals201099
Abbott Laboratories / Knoll Pharmaceuticals (BASF Pharma)2000$6.9B95
Astra AB / Zeneca Group plc1998$35.0B94
Merck & Co. Inc. / Acceleron Pharma Inc.2021$11.5B90
Johnson & Johnson / Actelion Ltd2017$30.0B90
Eli Lilly and Company / Boehringer Ingelheim GmbH2011$444M89

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