Pharma BD Deal Intelligence

Pfizer Inc. / NextWave Pharmaceuticals, Inc.

2012 · Acquisition/Merger · $700M · Complete

WRONG BY 50 POINTS
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The coverage arc

Sep 04, 2012 Drug Discovery News Neutral

Pfizer to acquire NextWave Pharmaceuticals for as much as $680-700 million, gaining the recently FDA-approved ADHD liquid formulation Quillivant XR.

Oct 22, 2012 FiercePharma Bullish

Pfizer is paying up to $700M for NextWave to enter the Shire-dominated ADHD market with Quillivant XR, the first once-daily liquid methylphenidate; Pfizer's…

Jan 17, 2013 Nasdaq / Zacks Analyst Blog Neutral

Quillivant XR launch positions Pfizer in a high-growth ADHD market with a differentiated once-daily liquid format aimed at pediatric patients who cannot…

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Pfizer exercised option (initial $20M Q2 2012 option payment) to acquire NextWave with $255M closing payment plus up to $425M sales milestones. Acquired Quillivant XR, the first FDA-approved once-daily liquid ADHD medication (approved Sept 27 2012).

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Dilutive
Pipeline outcome
Mixed

Key facts

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