Pharma BD Deal Intelligence
A win that fell apart post-approval: Wyeth and Progenics' worldwide deal for methylnaltrexone, worth up to $356.5 million, delivered Relistor's FDA approval on April 24, 2008, only for Wyeth to lose the collaboration when Progenics reclaimed all rights in October 2009.
Outcome grade pending — assessed 5 years post-close.
Full analysis, sources & comparables →Wyeth Pharmaceuticals and Progenics Pharmaceuticals today announced that they have entered into an exclusive, worldwide agreement for the joint development and…
Paul J. Maddon, MD, PhD, Progenics CEO: 'The approval of RELISTOR is a transformative event for Progenics Pharmaceuticals. This is our first U.S. product…
On April 1, 2008, Progenics and Wyeth announced that Health Canada has approved methylnaltrexone for the treatment of opioid-induced constipation. It was later…
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Wyeth and Progenics enter License and Co-Development Agreement for methylnaltrexone (later Relistor) - opioid-induced constipation. Strategically notable; deal value undisclosed in source.
Opioid-induced constipation (OIC) results from opioid binding to mu-receptors in the GI tract, slowing peristalsis and reducing fluid secretion. Patients on chronic opioids — particularly advanced-illness palliative care, post-surgical, and chronic non-cancer pain populations — frequently must reduce analgesic dosing because of debilitating constipation, creating a treatment dilemma between pain relief and bowel function.
In 2005, no peripherally-acting mu-opioid receptor antagonist (PAMORA) was approved; clinicians relied on stool softeners, osmotic laxatives, and stimulants that failed to address the underlying receptor-mediated mechanism. Methylnaltrexone (later Relistor) — invented by University of Chicago's Dr. Leon Goldberg and developed by Dr. Jonathan Moss — was the first-in-class PAMORA. Dr. Moss told the University of Chicago, 'It took almost 30 years but it finally seems that a very useful drug will at last become an option for those who desperately need it'. The Wyeth-Progenics partnership (announced December 23, 2005, valued up to $356.5M) targeted three formulations: subcutaneous (advanced illness, NDA early 2007), intravenous (postoperative ileus, NDA late 2007), and oral (chronic pain, NDA late 2008). Subsequent competition emerged from Salix's Movantik (naloxegol, AstraZeneca/Daiichi Sankyo, approved 2014) and Shionogi's Symproic (naldemedine, 2017). Forward-looking close: The 2005 collaboration unraveled — the IV postoperative ileus Phase 3 failed, Wyeth was acquired by Pfizer in 2009, and Wyeth returned global rights to Progenics in October 2009 for a $10M payment. Relistor was eventually acquired by Salix (2011) and then Bausch Health (2015), where it remains a modest niche brand against generic naloxegol.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| Wyeth Pharmaceuticals / Progenics Pharmaceuticals, Inc. (this deal) | 2005 | $416M | — |
| Wyeth Pharmaceuticals / Zealand Pharma A/S | 2005 | — | — |
| AstraZeneca PLC / KuDOS Pharmaceuticals Limited | 2005 | $210M | 98 |
| Yamanouchi Pharmaceutical / Fujisawa Pharmaceutical Co. Ltd. | 2005 | — | 92 |
| Sankyo Co., Ltd. / Daiichi Pharmaceutical Co., Ltd. | 2005 | $8.0B | 92 |
| Cephalon Inc. / Salmedix, Inc. | 2005 | $160M | 89 |
| Roche Holding AG / GlycArt Biotechnology AG | 2005 | $182M | 80 |
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