Topic:

M&A

Latest Headlines

Latest Headlines

Mylan challenges Big Pharma's clot fighters with $300M Arixtra buy

Generics maker Mylan has been laying out billions over the last 12 months for M&A. Now, it has inked a deal for a single drug: Arixtra, an injectable blood thinner that fights clots in the legs and lungs.

Wake up, Ackman tells Allergan's board. He has a 50%-60% chance of replacing you

In a Tuesday letter, activist investor Bill Ackman urged Allergan's directors to listen to what Valeant's putting on the table and assured them that they could still "rescue" their reputations by taking over leadership from CEO David Pyott, Reuters reports.

Merck's Frazier disses tax inversion strategy, at least for Merck

Tax inversion deals--buying a controlling share in a sizable company to shave a corporate tax rate--are all the rage among pharma players. But to Ken Frazier, doing a mega deal just to pull off tax inversion doesn't make sense, at least not for Merck.

UPDATED: Prepping for a tax-cutting merger, Auxilium is axing about 200 staffers

A little more than two months after announcing a deal to merge with Canada's QLT in a tax-cutting move, Auxilium Pharmaceuticals rolled out a plan today to ax 30% of its staff, narrowing its R&D focus and slashing its annual costs by $75 million a year.

Latest Allergan buzz puts Ireland's Jazz in its dealmaking sights

Forget Salix Pharmaceuticals and long-gone Shire. No. 1 on Allergan's list of defensive acquisition prospects could be Ireland's Jazz Pharmaceuticals.

Hyperion claims it was duped by fraudulent data into $570M Andromeda buyout

Back last April when Brisbane, CA-based Hyperion agreed to pay $20 million in cash and stock for Israel's Andromeda Biotech, while promising $550 million more in milestones, company execs made much of the late-stage data already in hand for a new Type 1 diabetes drug. Today, though, Hyperion's team threw up their hands and surrendered, claiming that they had been duped by a group of Andromeda staffers and an outside biostatistics firm in Israel which had cooked the books on the data to come up with a favorable result.

PetSmart weighing sale in wake of Pet360 acquisition

PetSmart, the largest global retailer of pet healthcare products and pet supplies, is "exploring" the possibility it will put itself up for sale in the wake of its acquisition of online pet specialty retailer Pet360.com.

Could political pressure be stalling Hospira's Danone inversion deal?

Many a U.S. drugmaker has pounced on an opportunity to pick up a foreign company, haul overseas and reap the tax rewards. But while rumors this summer said Illinois-based Hospira would be jumping on the tax-inversion bandwagon, its deal isn't moving quite so quickly.

Analysts matchmaking for Wockhardt although it says it is not for sale

Executives at India's Wockhardt insist the troubled generics maker is not for sale--nada, no way. But that has not stopped analysts from discussing matchmaking, especially since execs at India's Lupin acknowledged recently that they analyzed whether buying Wockhardt would make sense.

AstraZeneca pressed Obama for help resisting Pfizer's tax-cutting buyout bid

AstraZeneca didn't just fan the flames of U.K. politicial opposition to fend off Pfizer's $117 billion takeover attempt earlier this year. The British drugmaker also took its lobbying to Washington.