Pharma BD Deal Intelligence

Pfizer Inc. / Vicuron Pharmaceuticals Inc.

2004 · Acquisition/Merger · $1.9B · Complete

WRONG BY 53 POINTS

Pfizer expensed $1.4B upfront, then gave away half the pipeline for $10M three years later — a textbook value-destroying anti-infectives bet

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The coverage arc

Jun 15, 2005 Fierce Biotech Bullish

Coverage framed the acquisition positively, highlighting the strategic value of Vicuron's two FDA-filed anti-infectives (anidulafungin and dalbavancin) and…

Jun 15, 2005 Pfizer Inc. Form 8-K (press release exhibit) Bullish

CEO Hank McKinnell: 'By acquiring Vicuron, we can help bring two very important new medicines to patients around the world,' building on Pfizer's experience in…

Sep 08, 2008 Pfizer Bearish

Pfizer announced it would withdraw global marketing applications for dalbavancin and run an additional Phase 3 trial after regulatory feedback - a setback for…

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Announced mid-June 2004; $29.10/share cash; anti-infectives anidulafungin, dalbavancin; closed Sep 14 2005

Did it work? Outcome assessment

Pfizer expensed $1.4B upfront, then gave away half the pipeline for $10M three years later — a textbook value-destroying anti-infectives bet

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Pfizer Inc. / Vicuron Pharmaceuticals Inc. (this deal)2004$1.9B26
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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