Pharma BD Deal Intelligence

Pfizer Inc. / Rinat Neuroscience Corporation

2006 · Acquisition/Merger · $500M · Complete

WRONG BY 38 POINTS

Pfizer's ~$500M bet on Rinat's lead asset tanezumab ended in a 2021 FDA rejection and program termination — 15 years, zero approved products.

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The coverage arc

Apr 07, 2006 Contract Pharma Bullish

Contract Pharma reported Pfizer's all-cash acquisition of Rinat for an estimated $500M, framing the deal as a major bet on CNS therapeutic proteins and…

Apr 07, 2006 Pfizer Form 8-K (Exhibit 99.1) Bullish

Pfizer's 8-K press release announces the agreement to acquire Rinat Neuroscience, a CNS-focused biotech, framing it positively as advancing Pfizer's biologics…

Mar 25, 2021 Wikipedia (tanezumab regulatory history) Bearish

FDA Joint Arthritis Advisory Committee voted 19-1 against tanezumab's risk management strategy in March 2021, and EMA refused marketing authorization in…

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

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CNS therapeutic proteins; all-cash; lead RN624 (tanezumab) for pain

Did it work? Outcome assessment

Pfizer's ~$500M bet on Rinat's lead asset tanezumab ended in a 2021 FDA rejection and program termination — 15 years, zero approved products.

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Pfizer Inc. / Rinat Neuroscience Corporation (this deal)2006$500M20
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

Compare all 7 side-by-side →

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