Pharma BD Deal Intelligence

Shire plc / Jerini AG

2008 · Acquisition/Merger · $521M · Complete

CALLED IT — OFF BY 5

A ~$521M bet on an FDA-rejected drug turned into a $650M+/year rare-disease blockbuster before generics caught up a decade later

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The coverage arc

Jul 03, 2008 BioSpace Neutral

Neutral deal coverage relying on company statements: Jerini chairman 'confident that Shire's commercial expertise will ensure its successful market…

Jul 03, 2008 SEC EDGAR - Shire 8-K Ex-99.1 (announcement press release) Bullish

FIRAZYR peak annual global sales expected to be around $350-400 million... Expected to be accretive for Non GAAP earnings by the second half of 2010; highly…

Jul 07, 2008 FierceBiotech Bullish

Shire's $521M takeover offer for Berlin-based Jerini secures Firazyr, a first-in-class bradykinin B2 antagonist for HAE, days after EU approval and adds a…

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EUR 328M; Firazyr (icatibant) hereditary angioedema; Berlin-based

Did it work? Outcome assessment

A ~$521M bet on an FDA-rejected drug turned into a $650M+/year rare-disease blockbuster before generics caught up a decade later

Strategic verdict
Achieved Stated Rationale

Key facts

Related deals — scored

DealYearValueOutcome
Shire plc / Jerini AG (this deal)2008$521M85
Shire plc / Dyax Corp.2016$5.9B89
Shire plc / New River Pharmaceuticals Inc.2007$2.6B88
Shire plc / NPS Pharmaceuticals2015$5.2B78
Shire plc / Baxalta Inc.2016$32.0B77
Shire plc / ViroPharma Incorporated2013$4.2B58
Shire plc / Movetis NV2010$565M37

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