Pharma BD Deal Intelligence

Roche Holding AG / Antisoma plc

2002 · Licensing/Option · $500M · Complete

WRONG BY 47 POINTS

Every major asset from Roche's 2002 Antisoma pipeline deal failed in the clinic; Roche walked away years before the results even came in, and Antisoma itself dissolved as a drug company.

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The coverage arc

Nov 19, 2002 Fierce Biotech Bullish

Antisoma starts licensing spree with cancer deal, licensing virtually its entire pipeline to Roche, including lead anti-cancer antibody pemtumomab in phase…

Jan 31, 2003 The Pharmaletter Bullish

Antisoma reports narrowed losses; future strong on Roche product deal, citing up-front cash and equity and milestone potential from the partnership.

Apr 19, 2007 Morningstar UK Neutral

Antisoma re-licensed AS1404 to Novartis in an $890M deal after Roche returned rights, suggesting the original Roche alliance under-monetized individual assets…

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

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Announced November 2002. Broad strategic alliance: Antisoma licensed virtually its entire pipeline to Roche. $43M upfront cash plus equity, $6.56M for a ~10% stake; potential $500M+ in milestones plus 10-20% royalties.

Did it work? Outcome assessment

Every major asset from Roche's 2002 Antisoma pipeline deal failed in the clinic; Roche walked away years before the results even came in, and Antisoma itself dissolved as a drug company.

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Roche Holding AG / Antisoma plc (this deal)2002$500M20
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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