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Drug Names(s): SLV308
Description: SLV-308 has effects on various receptors for dopamine, norepinephrine, and serotonin. It is a partial dopamine D2 agonist (it partially activates the receptor) and noradrenergic agonist with serotonin 5-HT1A agonist properties.
Deal Structure: SLV-308 was originally developed by Solvay.
In September 2009, Solvay announced that its Board of Directors has decided to sell its entire pharmaceutical business to Abbott for a total Entreprise Value of about EUR 5.2 billion. This includes a purchase price of EUR 4.5 billion in cash and additional potential payments of up to EUR 300 million if certain milestones are met between 2011 and 2013. The acquisition was completed in February 2010.
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