Pharma BD Deal Intelligence

Roche Holding AG / BioVeris Corporation

2007 · Acquisition/Merger · $600M · Complete

WRONG BY 32 POINTS

Roche paid $600M to lock down clean ECL patent title and end a decade of IGEN litigation — instead it inherited a new decade-plus lawsuit (Meso Scale Diagnostics) over the very same IP, with a $137M willful-infringement verdict still being litigated 15+ years later.

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The coverage arc

Apr 04, 2007 BioVeris Corporation 8-K (announcement press release) Bullish

Roche to acquire BioVeris for $21.50 per share in cash, approximately $600 million, giving Roche the complete patent estate of the electrochemiluminescence…

Apr 05, 2007 Fierce Biotech Bullish

Roche strikes $600M deal to buy BioVeris, securing the full patent estate behind the ECL technology that powers its Elecsys immunodiagnostics franchise and…

Jun 26, 2007 Technology Networks Bullish

Roche CEO described ECL as 'a highly innovative technology' offering enhanced sensitivity, short incubation times, and broad measuring ranges; acquisition…

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

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$21.50/share, ~$600M. Closed June 2007. Electrochemiluminescence (ECL) diagnostics IP. Source: BioSpace, Technology Networks.

Did it work? Outcome assessment

Roche paid $600M to lock down clean ECL patent title and end a decade of IGEN litigation — instead it inherited a new decade-plus lawsuit (Meso Scale Diagnostics) over the very same IP, with a $137M willful-infringement verdict still being litigated 15+ years later.

Strategic verdict
Partially Achieved

Key facts

Related deals — scored

DealYearValueOutcome
Roche Holding AG / BioVeris Corporation (this deal)2007$600M54
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

Compare all 7 side-by-side →

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