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Vascugel was shelved in 2014 after unexpected trial complications, killing the deal within two years of Shire's $200M asset purchase from Pervasis. The Phase 2 vascular access therapy never reached the market, and Shire folded within its broader Regenerative Medicine exit alongside the Dermagraft divestiture.
Vascugel was shelved in 2014 after unexpected trial complications, and Shire exited the whole Regenerative Medicine unit it belonged to within two years of the Pervasis deal.
Full analysis, sources & comparables →Shire's Pervasis acquisition added Vascugel and an endothelial cell platform to its regenerative medicine division alongside Dermagraft, with deal value up to…
Shire to purchase substantially all Pervasis Therapeutics assets to fortify its regenerative medicine business, gaining the Vascugel platform to reestablish…
Shire initiated two Phase 2 studies of SRM003/Vascugel in ESRD patients undergoing AV access creation for hemodialysis — confirming the asset advanced into…
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Shire acquired substantially all Pervasis Therapeutics assets for an undisclosed upfront plus milestone payments totaling up to ~$200M. Added Phase 2 Vascugel cell-based vascular access therapy to Shire's regenerative medicine business (alongside Dermagraft from 2011 Advanced BioHealing deal).
Vascugel was shelved in 2014 after unexpected trial complications, and Shire exited the whole Regenerative Medicine unit it belonged to within two years of the Pervasis deal.
Assessment window: 10yr post-close.
Patients with end-stage renal disease (ESRD) on hemodialysis require durable vascular access — typically an arteriovenous fistula (AVF) or graft (AVG) — to receive treatment. Access failure from intimal hyperplasia, thrombosis, and stenosis is common, driving repeat interventions and hospitalizations; no approved pharmacologic therapy directly addresses access maturation/maintenance.
In 2012 there were no FDA-approved drug or biologic therapies specifically indicated to prevent AV access failure. Standard of care relied on surgical technique optimization, endovascular interventions (PTA, stent grafts such as Bard's Covera/Flair), and antiplatelet/anticoagulation regimens. Competing biologic/device approaches in development included Proteon Therapeutics' vonapanitase (PRT-201, recombinant human elastase) for AVF maturation, and various drug-eluting balloon strategies (e.g., Lutonix DCB) trialed for access salvage. Shire's Vascugel (SRM003) — an allogeneic endothelial cell-seeded gelatin matrix implant developed in Elazer Edelman's Harvard-MIT lab — was distinguished as a regenerative cell therapy aiming to recreate physiologic endothelial signaling at the surgical anastomosis. The Pervasis acquisition slotted Vascugel into Shire's regenerative medicine unit alongside Dermagraft (acquired via Advanced BioHealing in 2011), giving Shire a complementary cell-therapy portfolio addressing diabetic foot ulcers and dialysis access — a logical pairing given ~40% diabetes overlap in ESRD. Vascugel ultimately did not reach approval; Shire divested its regenerative medicine unit in 2014.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| Shire plc / Pervasis Therapeutics, Inc. (this deal) | 2012 | $200M | 18 |
| Shire plc / Dyax Corp. | 2016 | $5.9B | 89 |
| Shire plc / New River Pharmaceuticals Inc. | 2007 | $2.6B | 88 |
| Shire plc / Jerini AG | 2008 | $521M | 85 |
| Shire plc / NPS Pharmaceuticals | 2015 | $5.2B | 78 |
| Shire plc / Baxalta Inc. | 2016 | $32.0B | 77 |
| Shire plc / ViroPharma Incorporated | 2013 | $4.2B | 58 |
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