Pharma BD Deal Intelligence

Pharmstandard OJSC / Bever Pharmaceutical Pte Ltd

2013 · Acquisition/Merger · $590M · Complete

CALLED IT — OFF BY 12

A related-party deal that torched $1.4B of market cap on announcement, then quietly folded the acquired asset into a spin-off before the parent went private — no durable value creation ever demonstrated publicly.

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The coverage arc

Jul 09, 2013 FiercePharma Bearish

FiercePharma framed the deal as related-party concern: Bever was controlled by Bristley Enterprises (owned by non-exec director Dr. Alexander Shuster), who…

Aug 14, 2013 Outsourcing-Pharma Neutral

Pharmstandard frames the Bever purchase around guaranteeing API supply and a planned OTC unit spin-off, reporting the company's strategic rationale to secure…

Aug 23, 2013 Pharmaceutical Technology Neutral

Pharmstandard closed the Bever acquisition August 2013, citing strategic rationale of long-term fixed-cost API supply for Arbidol and Aphobazolum and…

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

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Pharmstandard acquired Singapore-based Bever Pharmaceutical for $590M ($542M equity + $48M cash) to secure long-term API supply for Arbidol and Aphobazolum OTC franchises.

Did it work? Outcome assessment

A related-party deal that torched $1.4B of market cap on announcement, then quietly folded the acquired asset into a spin-off before the parent went private — no durable value creation ever demonstrated publicly.

Strategic verdict
Failed to Achieve
Financial impact
Accretive

Key facts

Related deals — scored

DealYearValueOutcome
Pharmstandard OJSC / Bever Pharmaceutical Pte Ltd (this deal)2013$590M41
Pfizer Inc. / BioNTech SE2020$748M100
Gilead Sciences Inc. / Pharmasset Inc.2011$11.2B98
Abbott Laboratories / Alere Inc.2016$5.8B95
bioMerieux SA / BioFire Diagnostics Inc.2013$485M88
Roche Holding AG / Ventana Medical Systems Inc.2008$3.4B88
AstraZeneca PLC / MedImmune Inc.2007$15.6B82

Compare all 7 side-by-side →

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