Big pharma, Deals, Partnering, Pharma

Allergan, the big pharma, sells its obesity intervention division for $110 million

Posted on 30 October 2013

Tags: , , , ,

Apollo Endosurgery has entered into a definitive agreement to purchase the obesity intervention division of the big pharma, Allergan for up to $110 million.

The big pharma's total amount of sales include:

an upfront cash payment of $75 million,

minority equity interest of $15 million,

and up to $20 million in additional contingent consideration to be paid upon achievement of certain regulatory and sales milestones.

The obesity intervention division is responsible for manufacturing and marketing the LAP-BAND adjustable gastric band system and the ORBERA intra-gastric balloon system.

LAP-BAND® adjustable gastric band is a proven, minimally invasive laparoscopic weight loss device and is US Food and Drug Administration (FDA) approved

ORBERA is a non-surgical alternative for the treatment of overweight and obese adults that is approved for sale outside the United States in over 40 countries.

For further deal information visit Current Agreements (subscription required)



Report: Partnering Deals and Alliances with Allergan

View: Top 50 pharma – overview of top 50 pharmaceutical companies by revenue – partnering activity, deal news, partnering dealtalk

Browse: Complete Current Partnering report catalog

View: Current Partnering’s Partnering Scorecard – view top life science partnering deals by value

View: Current Partnering’s Deal Metrics – the latest deal trend infographics for life science deal making

View: Current Partnering’s Big Pharma Deal Making Scorecard – latest trends in big pharma deal making activity

View: Current Partnering’s Big Biotech Deal Making Scorecard – latest trends in big biotech deal making activity

Signup: Current Partnering Dealmakers Update – weekly newsletter providing the latest life science industry deal news, deal making trends, partnering events – sign up now

Signup: Current Agreements Deals Review – monthly newsletter - reviewing the previous month’s life science deal making – partnering, M&A and financing – sign up now

Subscribe: Current Agreements life sciences partnering, M&A and financing deals database – find out more

Follow us on: LinkedIn Current Partnering | LinkedIn Business Development Network | @Currentpartner on Twitter


Print Friendly, PDF & Email

Leave a Reply