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Biovail pays Aventis $409.5mm for Cardizem

Executive Summary

Biovail (drug products utilizing advanced drug delivery technologies) has agreed to pay Aventis Pharmaceuticals $409.5mm for N. American rights to sell its line of Cardizem (diltiazem) hypertension and angina products. It paid Aventis (uf)$239.5mm up front, and will turn over the remaining fees in equal, quarterly payments throughout 2001.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Product Purchase

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