Pharma BD Deal Intelligence

Mylan Inc. / Abbott Laboratories (non-U.S. developed-markets specialty and branded generics business)

2014 · Asset Purchase · $5.3B · Complete

WRONG BY 55 POINTS
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The coverage arc

Jul 14, 2014 FierceBiotech Neutral

The transaction exemplifies two trends: diversified players such as Abbott rotating toward devices/diagnostics, and generics consolidators using inversion to…

Jul 16, 2014 Zacks/Nasdaq Analyst Blog Bullish

JPMorgan's Michael Weinstein called the transaction 'a win for both companies' — Abbott monetizes an eroding European drug business while Mylan gets a lower…

Oct 22, 2014 BioPharma Dive Bullish

Mylan and Abbott would proceed with their tax-inversion deal despite tightened Treasury rules, with Mylan reincorporating in the Netherlands as 'New Mylan' to…

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

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Mylan agreed to acquire Abbott's non-U.S. developed-markets specialty and branded generics business in an all-stock deal valued at approximately $5.3B, structured as a tax inversion that domiciled the combined Mylan in the Netherlands. Closed February 27, 2015 and added ~$1.9B in annualized revenue.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
Mylan Inc. / Abbott Laboratories (non-U.S. developed-markets specialty and branded generics business) (this deal)2014$5.3B33
Mylan Inc. / Theravance Biopharma, Inc. (TD-4208 program)2015$265M61
Mylan Inc. / Bioniche Pharma Holdings Limited2010$550M60
Mylan Inc. / Famy Care Limited (women's healthcare businesses)2015$800M56
Mylan Inc. / Agila Specialties (Strides Arcolab)2013$1.8B45
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97
Kohlberg Kravis Roberts & Co. / PRA International (Genstar Capital)2013$1.3B91

Compare all 7 side-by-side →

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