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Announced

Completed

GSK completed the acquisition of Affinivax for $3.3bn.

Financials

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Transaction Value£2,610m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Biotechnology

healthcare industry

biotechnology products

biotechnology company

United States

Private

Cross Border

Acquisition

Majority

Single Bidder

Friendly

Completed

Synopsis

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GlaxoSmithKline, a science-led global healthcare company, completed the acquisition of Affinivax, a clinical-stage biopharmaceutical company, for $3.3bn. “The proposed acquisition further strengthens our vaccines R&D pipeline, provides access to a new, potentially disruptive technology, and broadens GSK’s existing scientific footprint in the Boston area. We look forward to working with the many talented people at Affinivax to combine our industry-leading development, manufacturing, and commercialisation capabilities to make this exciting new technology available to those in need," Hal Barron, GSK Chief Scientific Officer.

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