M&A Deal Summary

Bristol-Myers Squibb Acquires Inhibitex

On January 7, 2012, Bristol-Myers Squibb acquired life science company Inhibitex for 2.5B USD

Acquisition Highlights
  • This is Bristol-Myers Squibb’s 7th transaction in the Life Science sector.
  • This is Bristol-Myers Squibb’s 9th largest (disclosed) transaction.
  • This is Bristol-Myers Squibb’s 7th transaction in the United States.
  • This is Bristol-Myers Squibb’s 1st transaction in Georgia.

M&A Deal Summary
Date 2012-01-07
Target Inhibitex
Sector Life Science
Buyer(s) Bristol-Myers Squibb
Deal Type Add-on Acquisition
Deal Value 2.5B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Dechert (Legal)

Target

Inhibitex

Alpharetta, Georgia, United States
Inhibitex, Inc. is a biopharmaceutical company focused on developing products to prevent and treat serious infectious diseases. The Company’s clinical-stage pipeline includes three Phase 2 development programs: INX-189, a nucleotide polymerase inhibitor in development for the treatment of chronic hepatitis C infections, FV-100, a nucleoside inhibitor in development for the reduction of shingles-associated pain, and Aurexis, a humanized monoclonal antibody in development for the treatment of serious S. aureus bloodstream infections.

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Buyer(S) 1

Buyer

Bristol-Myers Squibb

Princeton, New Jersey, United States
Category Company
Founded 1887
Sector Life Science
Employees34,100
Revenue 45.0B USD (2023)
DESCRIPTION

Bristol-Myers Squibb is a life science company engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products on a global basis. The Company's pharmaceutical products include chemically-synthesized drugs, or small molecules, and an increasing portion of products produced from biological processes. The majority of Bristol-Myers Squibb's revenue comes from products in the following therapeutic classes: cardiovascular; virology, including human immunodeficiency virus (HIV) infection; oncology; neuroscience; immunoscience; and metabolics. Bristol-Myers Squibb was incorporated in 1887 and is based in Princeton, New Jersey.

DEAL STATS #
Overall 7 of 23
Sector (Life Science) 7 of 23
Type (Add-on Acquisition) 6 of 21
State (Georgia) 1 of 1
Country (United States) 7 of 20
Year (2012) 1 of 2
Size (of disclosed) 9 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-21 Amira Pharmaceuticals

San Diego, California, United States

Amira Pharmaceuticals, Inc., is a privately-held biopharmaceutical company, focused on leveraging the deep expertise of a team of scientists in the field of inflammatory diseases.

Buy $475M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-29 Amylin Pharmaceuticals

San Diego, California, United States

Amylin Pharmaceuticals, Inc. is a biopharmaceutical company developing drugs for the treatment of diabetes, obesity, and cardiovascular disease.

Buy $5.3B
Mergr

Product

Company

Legal