Pharma BD Deal Intelligence

Shire plc / ViroPharma Incorporated

2013 · Acquisition/Merger · $4.2B · Complete

WRONG BY 34 POINTS
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The coverage arc

Nov 11, 2013 Fierce Biotech Bullish

Shire to acquire ViroPharma in strategic move to strengthen rare disease portfolio; will augment already strong growth prospects, paying $50/share, a…

Nov 12, 2013 Nasdaq / Zacks Equity Research Bullish

Panmure Gordon's Savvas Neophytou: 'This is the big deal the market had been waiting for' — calls the multiple 'eye watering' but 'strategically very sound,'…

Nov 30, 2013 Financier Worldwide Neutral

Deal valued at ~58x EBITDA versus biotech sector median of 23x — premium reflects Cinryze growth potential to ~$700M by 2018; positions Shire as #2 globally in…

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

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Shire to acquire ViroPharma at $50/share cash (~$4.2B); 27% premium to prior close. Strengthens rare disease franchise; expected to create $2B rare disease revenue base with $150M annual cost synergies by 2015.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
Shire plc / ViroPharma Incorporated (this deal)2013$4.2B58
Shire plc / Dyax Corp.2016$5.9B89
Shire plc / New River Pharmaceuticals Inc.2007$2.6B88
Shire plc / Jerini AG2008$521M85
Shire plc / NPS Pharmaceuticals2015$5.2B78
Shire plc / Baxalta Inc.2016$32.0B77
Shire plc / Movetis NV2010$565M37

Compare all 7 side-by-side →

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