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Abbott buys remaining stake of Ibis for $175mm plus earn-outs

Executive Summary

Abbott, which last January had paid $40mm for an 18.6% stake in Isis Pharmaceuticals' Ibis Biosciences subsidiary, is now buying the rest of the unit for another $175mm in cash. Abbott will also pay future earn-outs based on sales of Ibis's instruments and assay kits through 2025.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Research, Analytical Equipment & Supplies
Deal Status
  • Final
Deal Type
  • Acquisition
    • Partial Acquisition
    • Includes Earnout
    • Payment Includes Cash

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