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Pfizer buys Angiosyn in deal based largely on milestones

Executive Summary

Pfizer is acquiring privately held Angiosyn (develops therapeutics that control angiogenesis) for a small up-front fee, while the majority of the payments on the deal--worth up to $527mm--are based on Angiosyn's successful development of drugs for an ophthalmic indication and a second undisclosed therapeutic area. (Strategic Transactions assumes the up-front payment to be $132mm and the rest in earn-outs.) Pfizer will also pay sales royalties.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Earnout
    • Payment Includes Cash

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