Pharma BD Deal Intelligence

Servier / Pieris Pharmaceuticals, Inc.

2017 · Co-Development · $1.7B · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jan 05, 2017 BioSpace Bullish

Tiny Boston biotech Pieris nabs $570M+ cancer deal with French powerhouse Servier, validating the Anticalin platform with a marquee European partner.

Jan 05, 2017 GEN (Genetic Engineering News) Bullish

Servier and Pieris launch up to EUR 1.7B immuno-oncology alliance for five bispecific Anticalin therapeutics, with PRS-332 as the lead…

Jul 08, 2024 Pharmaphorum Bearish

Pieris loses Servier as partner for cancer immunotherapies after Servier exits the 2017 Anticalin alliance citing a potential safety signal in the…

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Servier and Pieris launched a strategic immuno-oncology co-development alliance for five bispecific Anticalin therapeutics led by PRS-332 (anti-PD-1 Anticalin bispecific). Servier paid Pieris EUR 30M (~$31M) upfront plus eligibility for up to EUR 324M (~$338M) in milestones for PRS-332 and up to EUR 193M per additional program (~EUR 1.5B / ~$1.7B aggregate) plus tiered royalties. Pieris retains U.S. commercial rights; Servier holds ex-U.S. rights.

Key facts

Related deals — scored

DealYearValueOutcome
Servier / Pieris Pharmaceuticals, Inc. (this deal)2017$1.7B
Servier / Agios Pharmaceuticals (oncology)2020$2.0B91
Servier / Shire plc (Oncology Business)2018$2.4B88
Servier / Edgewise Therapeutics, Inc.2026$2.6B75
Servier / Symphogen A/S200666
Servier / Symphogen A/S2020
Servier / IDEAYA Biosciences, Inc.2025$530M

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