Pharma BD Deal Intelligence

Pfizer Inc. / Medivation, Inc.

2008 · Co-Development · $725M · Complete

CALLED IT — OFF BY 16

Not actually an acquisition — a 2008 Dimebon licensing deal that failed Phase 3 twice and was scrapped by 2012, with Pfizer's ~$225M upfront a total loss.

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The coverage arc

Sep 03, 2008 Pfizer Investor Relations Bullish

Pfizer and Medivation announced a global agreement under which Medivation receives $225M upfront and up to $500M in development and regulatory milestones plus…

Jan 19, 2012 Alzforum Bearish

The CONCERT trial of dimebon added to donepezil also failed, ending the program; one investigator worried the negative result would make investors 'even more…

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Dimebon Alzheimer's/Huntington's; $225M upfront + up to $500M milestones; failed Phase III 2010

Did it work? Outcome assessment

Not actually an acquisition — a 2008 Dimebon licensing deal that failed Phase 3 twice and was scrapped by 2012, with Pfizer's ~$225M upfront a total loss.

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Pfizer Inc. / Medivation, Inc. (this deal)2008$725M9
Pfizer Inc. / BioNTech SE2020$748M100
Pfizer Inc. / FoldRx Pharmaceuticals201099
Pfizer Inc. / Medivation Inc.2016$14.0B86
Pfizer Inc. / Wyeth2009$68.0B86
Pfizer Inc. / Warner-Lambert Company2000$90.0B83
Pfizer Inc. / Arvinas, Inc.2021$2.4B77

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