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Biovail acquires Fuisz Technologies

Executive Summary

Biovail (drug delivery) acquired oral drug delivery company Fuisz Technologies for approximately $245.2mm--about 4 times its 1998 sales--in a two-stage transaction, consisting of about $75.6mm in cash, $78.6mm in stock, and $91mm in debt. Biovail valued Fuisz's approximately 22mm outstanding shares at $7.00 each, a (pr)41% premium to market average.
Deal Industry
  • Pharmaceuticals
    • OTC, Consumer
    • Drug Delivery
      • Controlled Release
Deal Status
  • Final
Deal Type
  • Acquisition
    • Intra-Biotech Deal
    • Partial Acquisition
    • Payment Includes Cash
    • Payment Includes Stock

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