Pharma BD Deal Intelligence

Pfizer Inc. / Myovant Sciences Ltd.

2020 · Co-Development · $4.2B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jun 04, 2020 New England Journal of Medicine — HERO trial Bullish

In this Phase 3 trial of 934 men with advanced prostate cancer, oral relugolix achieved sustained testosterone suppression in 96.7% of men compared with…

Dec 28, 2020 Fierce Pharma Bullish

Pfizer is paying Myovant $650 million up front to co-commercialize the oral prostate cancer drug Orgovyx in the U.S. and Canada. The deal builds on Pfizer's…

Oct 23, 2022 Sumitovant/Sumitomo Pharma/Myovant Definitive Agreement Neutral

Sumitovant to acquire all outstanding Myovant shares not already owned for $27.00/share cash ($1.7B; ~$2.9B total company value); Myovant to become a wholly…

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Myovant and Pfizer announced a US/Canada collaboration to jointly develop and commercialize Orgovyx (relugolix) in advanced prostate cancer and relugolix combination tablet in women's health. Myovant received $650M upfront plus $200M regulatory milestones for relugolix combo tablet women's health approvals and tiered sales milestones up to $3.5B+, total deal up to $4.2B. Profits and certain expenses split 50/50 with Myovant booking revenue. Post-close development: in October 2022 Sumitovant Biopharma (Sumitomo Pharma group), which already held a majority stake, agreed to acquire the remaining Myovant shares at $27.00/share ($1.7B; ~$2.9B total company value); the deal completed March 10, 2023, making Myovant a wholly owned Sumitovant subsidiary and delisting it from the NYSE. The Pfizer collaboration was not terminated and continues under Myovant as a Sumitomo subsidiary.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

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Pfizer Inc. / Myovant Sciences Ltd. (this deal)2020$4.2B
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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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