M&A Deal Summary

Allergan Acquires Oculex Pharmaceuticals

On November 20, 2003, Allergan acquired life science company Oculex Pharmaceuticals from Aisling Capital and Bay City Capital for 230M USD

Acquisition Highlights
  • This is Allergan’s 1st transaction in the Life Science sector.
  • This is Allergan’s 6th largest (disclosed) transaction.
  • This is Allergan’s 1st transaction in the United States.
  • This is Allergan’s 1st transaction in California.

M&A Deal Summary

Date 2003-11-20
Target Oculex Pharmaceuticals
Sector Life Science
Buyer(s) Allergan
Sellers(s) Aisling Capital
Bay City Capital
Deal Type Add-on Acquisition
Deal Value 230M USD

Target

Oculex Pharmaceuticals

Sunnyvale, California, United States
Oculex Pharmaceuticals, Inc. is an Ophthalmic drug delivery company.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Allergan

Irvine, California, United States

Category Company
Founded 1948
Sector Life Science
Employees11,400
DESCRIPTION

Allergan, Inc. is a pharmaceutical company. Allergan's products include ophthalmic pharmaceuticals, dermatology products, and neurological products.


DEAL STATS #
Overall 1 of 14
Sector: Life Science M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 13
State: California M&A 1 of 8
Country: United States M&A 1 of 14
Year: 2003 M&A 1 of 1
Size (of disclosed) 6 of 10
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-23 Inamed

Santa Barbara, California, United States

Inamed Corp. manufactures and develops healthcare products in US.

Buy $3.3B

Seller(S) 2

SELLER

Aisling Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Aisling Capital is a private investment firm focused on opportunities in the healthcare and medical technology sectors. The Firm specifically looks to invest in companies developing and commercializing innovative healthcare products, services, and technologies. Aisling Capital looks to commit $20 to $50 million per investment and prefers to be the lead investor. Aisling will consider investing in both public and private companies. Aisling Capital raised its first fund in 2000. The Firm is based in New York City.


DEAL STATS #
Overall 2 of 41
Sector: Life Science M&A 2 of 32
Type: Add-on Acquisition M&A Deals 2 of 24
State: California M&A 1 of 13
Country: United States M&A 2 of 41
Year: 2003 M&A 1 of 2
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Oculex Pharmaceuticals

Sunnyvale, California, United States

Oculex Pharmaceuticals, Inc. is an Ophthalmic drug delivery company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-21 Esperion Therapeutics

Plymouth, Michigan, United States

Development stage biotechnology company focused on cardiovascular drugs. Drug discovery and development company focused on therapies that prevent, treat and reverse cardiovascular and metabolic diseases.

Sell -
SELLER

Bay City Capital

San Rafael, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bay City Capital LLC was established in 1997 as an equal partnership between The Craves Group and certain Pritzker family business interests for the purpose of managing investment funds in the life sciences industry. Bay City looks for opportunities at all stages of development in biopharmaceuticals, drug discovery, medical devices and diagnostics. Bay City Capital is based in San Francisco, California.


DEAL STATS #
Overall 12 of 63
Sector: Life Science M&A 9 of 46
Type: Add-on Acquisition M&A Deals 6 of 31
State: California M&A 5 of 33
Country: United States M&A 12 of 60
Year: 2003 M&A 4 of 4
Size (of disclosed) 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-06 Pharmion

Boulder, Colorado, United States

Pharmion Corporation is a global oncology company focused on acquiring, developing and commercializing innovative products for the treatment of hematology and oncology patients in the U.S., Europe and additional international markets. Pharmion has a number of products on the market including the world's first approved epigenetic drug, Vidaza®, a DNA demethylating agent.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-22 Senomyx

San Diego, California, United States

Senomyx is a producer of proprietary flavor and fragrance molecules for use in a wide range of consumer products. Senomyx’s integrated technology platform combines an enhanced understanding of the biology of taste and smell with many of the same technologies and advancements that pharmaceutical companies have recently begun using to more efficiently discover new medicines. Senomyx was founded in 1998 and is based in San Diego, California.

Sell -