Pharma BD Deal Intelligence
Mylan's $1B dermatology bet took two confirmed impairment hits within two years, and the assets disappeared into segment-level reporting before being absorbed into Viatris with no standalone accounting ever surfacing again.
Full analysis, sources & comparables →Mylan snapped up the Renaissance dermatology business for ~$1B, with FiercePharma noting the deal complements the pending Meda dermatology assets and signals a…
Pharmaceutical Technology framed the transaction as Mylan adding ~25 marketed topicals plus a ~25-product pipeline and a topicals CDMO, characterizing it as a…
CEO Heather Bresch: 'By bringing together the Renaissance topicals business with Mylan's existing assets and the pending addition of Meda... we will become a…
Source summaries from our enrichment pipeline; follow links for originals.
All 9 sources with sentiment breakdown →
Mylan acquired the non-sterile topicals-focused specialty and generics business of Renaissance Acquisition Holdings for $950M cash at closing plus contingent payments up to $50M (~$1B total). Acquired ~25 branded/generic topical products, an active pipeline of ~25 products, U.S. dermatology sales infrastructure, and integrated manufacturing. Closed June 15, 2016. ~$370M in 2015 revenues.
Mylan's $1B dermatology bet took two confirmed impairment hits within two years, and the assets disappeared into segment-level reporting before being absorbed into Viatris with no standalone accounting ever surfacing again.
Assessment window: 5yr post-close.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| Mylan N.V. / Renaissance Acquisition Holdings, LLC (topicals business) (this deal) | 2016 | $1.0B | 40 |
| Mylan N.V. / Meda AB | 2016 | $9.9B | 53 |
| Mylan N.V. / Upjohn Inc. (Pfizer) | 2019 | $12.0B | 44 |
| Mylan N.V. / Novartis AG (TOBI franchise) | 2018 | $463M | 38 |
| Mylan N.V. / Perrigo Company plc | 2015 | $26.0B | — |
| Ciba-Geigy AG / Sandoz AG | 1996 | $36.3B | 98 |
| Sanofi SA / Regeneron Pharmaceuticals, Inc. | 2007 | $1.0B | 97 |
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More: 2016 deals · Mylan N.V. deals · Dermatology deals