Pharma BD Deal Intelligence

Warner-Lambert Company / Agouron Pharmaceuticals

1999 · Acquisition/Merger · $2.1B · Complete

Announcement Sentiment
63
Positive
Outcome Score
48
Mixed — partial payoff, real shortfalls.

Warner-Lambert acquired Agouron Pharmaceuticals in an all-stock merger valued at approximately $2.1B, with each Agouron share exchanged for roughly $60 of Warner-Lambert stock. Announced in January 1999, the deal closed on May 17, 1999. It gave Warner-Lambert the HIV protease inhibitor Viracept (nelfinavir) and Agouron's oncology discovery pipeline.

Key facts

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