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Biogen pays $200mm up front for Convergence, plus earn-outs

26 Aug 2020

Executive Summary

Enhancing its pain portfolio, Biogen Idec Inc. acquired closely held UK biotech Convergence Pharmaceuticals Ltd. for $200mm in cash up front plus up to $475mm in earn-outs.

Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Earnout
    • Intra-Biotech Deal
    • Payment Includes Cash

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