Pharma BD Deal Intelligence

Roche Holding AG / AC Immune SA

2012 · Licensing/Option · $418M · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jan 22, 2024 BioSpace Bearish

Termination reflected clinical disappointment rather than strategic realignment — semorinemab missed in TAURIEL (2020) and crenezumab failed Phase 2…

Jan 23, 2024 Pharmaphorum Bearish

Combined crenezumab and semorinemab deals were valued at over $700M; their return ends a multi-program collaboration that had been one of Roche's largest…

Feb 15, 2024 ALZFORUM Neutral

Semorinemab demonstrated a 43.6% slowing of decline on ADAS-Cog11 in LAURIET but no benefit on functional outcomes — a mixed signal that proved insufficient to…

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Genentech (Roche) and AC Immune exclusive worldwide license/research collaboration for anti-tau antibodies in Alzheimer's. Undisclosed upfront plus up to CHF 400M (~$418M) in research/dev/commercial milestones. Built on prior crenezumab (anti-amyloid) deal from 2006.

Key facts

Related deals — scored

DealYearValueOutcome
Roche Holding AG / AC Immune SA (this deal)2012$418M
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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