Pharma BD Deal Intelligence

Roche Holding AG / AC Immune SA

2012 · Licensing/Option · $718M · Terminated

CALLED IT — OFF BY 16
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The coverage arc

Jun 18, 2012 Fierce Biotech Bullish

Roche snags another Alzheimer antibody from AC Immune in $418M plus deal for semorinemab anti-tau therapeutic candidate

Jan 23, 2024 Pharmaphorum Bearish

Roche ducks out of AC Immune Alzheimer antibody alliance returning rights to two programs after nearly two decades of collaboration

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In June 2012, AC Immune entered its second exclusive worldwide license and research collaboration with Genentech (a member of the Roche Group), covering AC Immune's anti-tau antibody program — the asset that became semorinemab. AC Immune received an undisclosed upfront payment (~CHF 59M / $68M) and was eligible for milestones exceeding CHF 400 million (~$418M) across Alzheimer's disease and other indications, plus tiered royalties. The pact extended a relationship begun with the companies' 2006 anti-amyloid-beta collaboration on crenezumab. Roche/Genentech returned global rights to both crenezumab and semorinemab to AC Immune in 2024, ending the ~18-year alliance after the antibodies failed to demonstrate sufficient clinical benefit.

Key facts

Related deals — scored

DealYearValueOutcome
Roche Holding AG / AC Immune SA (this deal)2012$718M41
Roche Holding AG / Chugai Pharmaceutical Co. Ltd.2002$1.4B100
Roche Holding AG / Ventana Medical Systems Inc.2008$3.4B88
Roche Holding AG / Corange Ltd. (Boehringer Mannheim Group)1997$11.0B88
Roche Holding AG / Ventana Medical Systems Inc.2007$3.4B88
Roche Holding AG / Foundation Medicine, Inc.2015$1.1B87
Roche Holding AG / Foundation Medicine, Inc.2018$5.3B85

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