The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

M&A Update

Following our last update, there have been a considerable number of bio/pharma M&A developments, so to bring you up to speed

… from most to least definite:

Millipore is buying Guava Technologies (flow cytometry) for $22.6 million.

Lundbeck is acquiring Ovation Pharmaceuticals.  Interesting side-note: Ovation appears to have marketing rights for ATryn (you know, the goat milk drug).  It also has a CNS pipeline.

Also, a baby IPO (har): BMS is offering about 12.5% of Mead Johnson this week.

We got quite a bit more detail on Roche’s bid for Genentech, which even at the initial $89 per share was $23 per share less than Genetech was looking for.  As WSJ’s health blog notes, yesterday’s closing price suggests there’s still significant doubt about the offer’s prospects. (By the way, if you want to start getting used to the SEC’s new XBRL reports, Genentech’s latest quarterly numbers are available in the SEC’s new viewer.)

GSK may buy into the generics business in India.

P&G thinks the pharma business is a drag.

Sanofi’s new CEO will hold his first press confrerence tomorrow, and analyst speculation is that acquisitions will be on the table.

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One response to “M&A Update

  1. Pingback: M&A Update 2 « The Cross-Border Biotech Blog

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