Pharma BD Deal Intelligence

Sequenom Inc. / Gemini Genomics plc (UK)

2001 · Acquisition/Merger · $238M · Complete

WRONG BY 59 POINTS

Total loss: entire deal value written off within a year, business unit shuttered by 2004

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The coverage arc

May 29, 2001 Gemini Genomics Form 6-K (merger announcement) Bullish

Announcement: all-share merger (0.2 Sequenom share per Gemini share) intended to accelerate identification of disease-associated genes; CEO Tony Schuh: 'We…

May 29, 2001 Providence Business News Neutral

Gemini Genomics' UK-based clinical-genetics business was acquired by Sequenom in a stock deal originally valued near $238M to expand drug-development and…

Jul 01, 2001 Nature Biotechnology Neutral

Nature Biotechnology ('Sequenom steps toward drug development') frames the Gemini Genomics merger as Sequenom moving up the value chain from genotyping toward…

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

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Stock-for-stock announced 2001-05-29, closed 2001-09. Genotyping/SNP platform plus clinical genetics. Final value ~$238M at announce.

Did it work? Outcome assessment

Total loss: entire deal value written off within a year, business unit shuttered by 2004

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Sequenom Inc. / Gemini Genomics plc (UK) (this deal)2001$238M11
Abbott Laboratories / Knoll Pharmaceutical Company (BASF Pharma)2001$6.9B100
Vertex Pharmaceuticals Incorporated / Aurora Biosciences Corporation2001$592M95
Amgen Inc. / Immunex Corporation2001$16.0B91
Swedish Orphan Biovitrum AB / Biovitrum2001$493M84
Barr Laboratories Inc. / Duramed Pharmaceuticals Inc.2001$589M82
Cephalon Inc. / Group Lafon (France)2001$450M80

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