M&A Deal Summary

Biogen Acquires Pfizer - CK 1 Business

On January 13, 2020, Biogen acquired life science company Pfizer - CK 1 Business from Pfizer for 75M USD

Acquisition Highlights
  • This is Biogen’s 7th transaction in the Life Science sector.
  • This is Biogen’s 8th largest (disclosed) transaction.
  • This is Biogen’s 4th transaction in the United States.
  • This is Biogen’s 1st transaction in New York.

M&A Deal Summary

Date 2020-01-13
Target Pfizer - CK 1 Business
Sector Life Science
Buyer(s) Biogen
Sellers(s) Pfizer
Deal Type Divestiture
Deal Value 75M USD

Target

Pfizer - CK 1 Business

New York, New York, United States
Pfizer, Inc. - CK 1 Business is a novel CNS-penetrant small molecule inhibitor of casein kinase 1 (CK1), for the potential treatment of patients with behavioral and neurological symptoms across various psychiatric and neurological diseases.

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Buyer(S) 1

Buyer

Biogen

Cambridge, Massachusetts, United States

Category Company
Founded 1978
Sector Life Science
Employees7,570
Revenue 9.8B USD (2023)
DESCRIPTION
Entrance to Biogen office in Weston, Massachusetts.
Entrance to Biogen office in Weston, Massachusetts.

Biogen is a biopharmaceutical company focused on discovering, developing, and delivering worldwide therapies for people living with serious neurological and neurodegenerative diseases as well as related therapeutic adjacencies. Biogen was founded in 1978 and is based in Cambridge, Massachusetts.


DEAL STATS #
Overall 7 of 9
Sector (Life Science) 7 of 9
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 4 of 6
Year (2020) 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Biogen - Biologics Manufacturing Site

Hillerød, Denmark

Biogen (Denmark) Manufacturing ApS is a biologics manufacturing site. Hillerød site includes a 90,000L biologics production facility with assembly, labeling and packing capabilities, quality control laboratories and warehouses.

Sell $890M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-28 Reata

Plano, Texas, United States

Reata engages in developing novel oral anti-inflammatory drugs targeting NrF2. This important biological target has been shown to protect against a broad range of diseases associated with inflammation and oxidative stress. Reata was founded in 2002 and is based in Plano, Texas.

Buy $7.3B

Seller(S) 1

SELLER

Pfizer

New York, New York, United States

Category Company
Founded 1849
Sector Life Science
Employees8,300
Revenue 58.5B USD (2023)
DESCRIPTION
Pfizer office in Lake Forest, Illinois.
Pfizer office in Lake Forest, Illinois.

Pfizer is a global pharmaceutical company that is involved in the discovery, development, manufacture, and marketing of a wide range of healthcare products, including medicines and vaccines. The company's portfolio includes treatments across a broad spectrum of areas such as oncology, cardiology, neurology, and infectious diseases, among others. Pfizer was founded in 1849 and is based in New York, New York.


DEAL STATS #
Overall 15 of 18
Sector (Life Science) 10 of 13
Type (Divestiture) 13 of 15
State (New York) 1 of 1
Country (United States) 11 of 13
Year (2020) 1 of 2
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 The Upjohn Company

Kalamazoo, Michigan, United States

Upjohn seeks to leverage our portfolio, global experience and expertise to become the trusted partner of choice for all stakeholders committed to improving patient health. Upjohn focuses on relieving the burden of non-communicable diseases with trusted, quality medicines for every patient, everywhere. Upjohn brings together 20 of the industry's most trusted brands — products such as Lipitor, Norvasc, Lyrica and Viagra — with world-class medical, manufacturing and commercial expertise in more than 120 countries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-22 FoRx Therapeutics

Basel, Switzerland

FoRx Therapeutics is a biotechnology company developing a new generation of cancer drugs focusing on novel DNA Replication Stress (DRS) pathways. FoRx Therapeutics was founded in 2019 and is based in Basel, Switzerland.

Buy -