Pharma BD Deal Intelligence

Teva Pharmaceutical Industries Ltd. / Mylan N.V.

2015 · Acquisition/Merger · $40.0B · Terminated

Outcome grade pending — assessed 5 years post-close.

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Top 25 largest deals of the 2010s

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Apr 27, 2015 BioSpace Bearish

Mylan's rejection letter publicly questioned Teva's credibility and the 'industrial logic' of the combination, foreshadowing prolonged hostility rather than…

Apr 27, 2015 Pharmaceutical Technology Bearish

Bloomberg Intelligence's Sam Fazeli said the deal would help Teva offset Copaxone exposure but warned antitrust risk was material; Wells Fargo's Michael Faerm…

Apr 29, 2015 BioPharma Dive Neutral

BioPharma Dive characterized the cascading Teva-Mylan-Perrigo M&A drama as a defensive chain reaction in which Mylan's Perrigo bid was partly designed to…

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

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Teva submitted an unsolicited $40B expression of interest to acquire Mylan at $82 per share (cash and stock). Mylan's board unanimously rejected the proposal April 27, 2015. Teva withdrew its proposal July 27, 2015 to focus on the Allergan generics acquisition. Counted here as a publicly announced terminated deal.

Key facts

Related deals — scored

DealYearValueOutcome
Teva Pharmaceutical Industries Ltd. / Mylan N.V. (this deal)2015$40.0B
Teva Pharmaceutical Industries Ltd. / Auspex Pharmaceuticals2015$3.5B86
Teva Pharmaceutical Industries Ltd. / Biogal Pharmaceutical199582
Teva Pharmaceutical Industries Ltd. / Sicor Inc.2003$3.4B68
Teva Pharmaceutical Industries Ltd. / Ivax Corporation2006$7.4B63
Teva Pharmaceutical Industries Ltd. / Novopharm Limited2000$600M62
Teva Pharmaceutical Industries Ltd. / Ivax Corporation2005$7.4B62

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