Pharma BD Deal Intelligence

Watson Pharmaceuticals (Actavis Inc.) / Amarin Development AB (Amarin Corp subsidiary)

2003 · Asset Purchase · $150M · Complete

CALLED IT — OFF BY 1

A modest ~$15M tech/product bolt-on that quietly delivered a durable, market-leading generic (glipizide ER) — a solid single, not the ~$100M-scale deal the brief assumed.

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The coverage arc

Oct 15, 2003 Amarin Corporation plc Form 6-K Bullish

Amarin announced the sale of Amarin Development AB to Watson Pharmaceuticals, with Watson paying approximately $15 million in cash to settle inter-company…

Mar 15, 2004 Watson Pharmaceuticals 10-K (FY2003) Neutral

Watson's 2003 10-K disclosed acquisition of Amarin Development AB and the related oral controlled-release drug-delivery technology portfolio, including…

Nov 15, 2005 Amarin Corporation Q3 2005 results Neutral

Amarin disclosed treatment of the Swedish drug-delivery business sale to Watson as a discontinued operation with installment proceeds, indicating…

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

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Acquired Amarin Development AB in October 2003. Oral controlled-release drug delivery technologies + glipizide ER. Sources: Watson 10-K 2003, Amarin filings. Value approximate from 10-K disclosures.

Did it work? Outcome assessment

A modest ~$15M tech/product bolt-on that quietly delivered a durable, market-leading generic (glipizide ER) — a solid single, not the ~$100M-scale deal the brief assumed.

Strategic verdict
Achieved Stated Rationale

Key facts

Related deals — scored

DealYearValueOutcome
Watson Pharmaceuticals (Actavis Inc.) / Amarin Development AB (Amarin Corp subsidiary) (this deal)2003$150M70
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97
Watson Pharmaceuticals (Actavis Inc.) / Arrow Group2009$1.8B85
Watson Pharmaceuticals (Actavis Inc.) / Andrx Corporation2006$1.9B65
Watson Pharmaceuticals (Actavis Inc.) / Schein Pharmaceutical Inc.2000$674M65
Watson Pharmaceuticals (Actavis Inc.) / Eden Biodesign Limited2010$15M63
Watson Pharmaceuticals (Actavis Inc.) / Andrx Corporation2007$1.9B62

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