Pharma BD Deal Intelligence

Wyeth Pharmaceuticals / Progenics Pharmaceuticals, Inc.

2005 · Co-Development · $416M · Terminated

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.

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The coverage arc

Dec 23, 2005 BioSpace Bullish

Wyeth Pharmaceuticals and Progenics Pharmaceuticals today announced that they have entered into an exclusive, worldwide agreement for the joint development and…

Apr 25, 2008 BioSpace Bullish

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…

Apr 25, 2026 Wikipedia Neutral

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.

Key facts

Disease & market context

Opioid-Induced Constipation (OIC)

Disease Overview

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.

Competitive Landscape

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.

Related deals — scored

DealYearValueOutcome
Wyeth Pharmaceuticals / Progenics Pharmaceuticals, Inc. (this deal)2005$416M
Wyeth Pharmaceuticals / Zealand Pharma A/S2005
AstraZeneca PLC / KuDOS Pharmaceuticals Limited2005$210M98
Yamanouchi Pharmaceutical / Fujisawa Pharmaceutical Co. Ltd.200592
Sankyo Co., Ltd. / Daiichi Pharmaceutical Co., Ltd.2005$8.0B92
Cephalon Inc. / Salmedix, Inc.2005$160M89
Roche Holding AG / GlycArt Biotechnology AG2005$182M80

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