Merger Defended

Pfizer Completes $43 Billion Acquisition of Seagen

A global Compass Lexecon team provided expert economic evidence throughout regulatory review of the largest M&A deal in biopharma since 2019.

With the Seagen acquisition, Pfizer’s oncology pipeline doubled in size — placing the company at the forefront of a new era in cancer care.

Seagen is a global biotechnology company that discovers, develops and commercializes transformative cancer medicines. In March 2023, Pfizer and Seagen announced that they had entered into a definitive merger agreement under which Pfizer would acquire Seagen. Counsel for Pfizer and Seagen drew upon Compass Lexecon's economic analysis and logistical support to comply with the FTC’s second request for information. 

Das Ergebnis

After merger reviews by competition authorities around the world, on December 14, 2023, Pfizer completed its $43 billion acquisition of Seagen — the largest M&A deal in biopharma since 2019.


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A hand adding a box of medicine to a shelf

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Economic analysis and logistical support

A global team of experts in the United States, Europe and Singapore provided economic analysis and logistical support throughout the regulatory review process.

  1. In the United States, a Compass Lexecon team supported counsel through the Hart-Scott-Rodino (“HSR”) process, developing economic evidence that showed the proposed merger would not harm competition while also aiding in the process of successfully complying with the FTC’s second request for additional information.

  2. In Europe, a Compass Lexecon team supported counsel throughout the European Commission’s Phase I investigation.


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