M&A Deal Summary

AbbVie Acquires Rare Pediatric Disease Priority Review Voucher

On August 19, 2015, AbbVie acquired life science company Rare Pediatric Disease Priority Review Voucher from United Therapeutics for 350M USD

Acquisition Highlights
  • This is AbbVie’s 2nd transaction in the Life Science sector.
  • This is AbbVie’s 8th largest (disclosed) transaction.
  • This is AbbVie’s 2nd transaction in the United States.
Investment Fate
  • Rare Pediatric Disease Priority Review Voucher was divested to a consortium of strategic buyers in 2020 for 105M USD.

M&A Deal Summary

Date 2015-08-19
Target Rare Pediatric Disease Priority Review Voucher
Sector Life Science
Buyer(s) AbbVie
Sellers(s) United Therapeutics
Deal Type Divestiture
Deal Value 350M USD

Target

Rare Pediatric Disease Priority Review Voucher

United States
Rare Pediatric Disease Priority Review Voucher (PPRV) is a provider of biotechnology services.

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Buyer(S) 1

Buyer

AbbVie

North Chicago, Illinois, United States

Category Company
Founded 2012
Sector Life Science
Employees50,000
Revenue 54.3B USD (2023)
DESCRIPTION
Entrance to Abbvie's office in Lake Forest, Illinois.
Entrance to Abbvie's office in Lake Forest, Illinois.

AbbVie is a research-based biopharmaceutical company. AbbVie develops and markets advanced therapies that address complex and serious diseases. AbbVie's products are focused on treating conditions such as chronic autoimmune diseases, including rheumatoid arthritis, psoriasis, and Crohn's disease; low testosterone; HIV; endometriosis; thyroid disease; Parkinson's disease; and complications associated with chronic kidney disease and cystic fibrosis, among other health conditions. AbbVie was founded in 2012 and is based in North Chicago, Illinois.


DEAL STATS #
Overall 2 of 12
Sector (Life Science) 2 of 12
Type (Divestiture) 1 of 1
Country (United States) 2 of 10
Year (2015) 2 of 2
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-04 Pharmacyclics

Sunnyvale, California, United States

Pharmacyclics, Inc. is a biopharmaceutical company focused on developing and commercializing innovative small-molecule drugs for the treatment of cancer and immune mediated diseases.

Buy $21.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 Stemcentrx

South San Francisco, California, United States

Stemcentrx develops therapies that aim to cure and significantly improve survival for cancer patients. The Company was formed in 2008 and is based South San Francisco, California.

Buy $5.8B

Seller(S) 1

SELLER

United Therapeutics

Silver Spring, Maryland, United States

Category Company
Founded 1996
Sector Medical Products
Employees950
Revenue 2.3B USD (2023)
DESCRIPTION

United Therapeutics is a biotechnology company focused on the development and commercialization of unique products to address the unmet medical needs of patients with chronic and life-threatening conditions. United Therapeutics was founded in 1996 and is based in Silver Spring, Maryland.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 Cooke Pharma

Silver Spring, Maryland, United States

Cooke Pharma, Inc. is a technology platform based on the use of L-arginine, an essential amino acid that has demonstrated efficacy in increasing blood flow. The company applied its technology to consumer applications addressing coronary heart disease, creating The Heart Bar, a medical food designed to treat the symptoms of coronary heart disease (CHD) and peripheral artery disease (PAD).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-30 SteadyMed

San Ramon, California, United States

SteadyMed Ltd. is a specialty pharmaceutical company focused on the development of drug products to treat orphan and high value diseases with unmet parenteral delivery needs. The company's lead drug product candidate is Trevyent, a development-stage drug-device combination product that combines SteadyMed's PatchPump technology with treprostinil, a vasodilatory prostacyclin analogue to treat PAH. SteadyMed has signed an exclusive license and supply agreement with Cardiome Pharma Corp.

Buy $216M