Topic:

M&A

Latest Headlines

Latest Headlines

Single-minded Shire finally pins down Baxalta with $32B deal

The new year has its first megadeal agreement, thanks to Shire and Baxalta. On Monday, the two finally announced a $32 billion tie-up after a months-long pursuit by the Dublin drugmaker.

Juno buys into sequencing; Moderna cozies up to Big Pharma; and more from #JPM16

In the requisite flood of dealmaking that marks day one of San Francisco's annual J.P. Morgan Healthcare Conference, high-profile biotechs Juno Therapeutics and Moderna Therapeutics widened their R&D operations, while some smaller players signed deals and roped in cash to keep their projects moving.

UPDATED: Shire finally gets it done, bagging Baxalta in $32B buyout

It took a few months, but Shire has wrapped a $32 billion deal to acquire Baxalta, providing CEO Flemming Ornskov with the big merger that he has been promising investors.

The Bradner factor: Roche bags a BET inhibitor in $535M Tensha buyout

Last week, investors unveiled a $73 million startup complete with $750 million deal to pursue star Dana-Farber investigator Jay Bradner's preclinical work in developing protein degraders to fight cancer. Today, Roche is coming back to grab Tensha Therapeutics--a virtual biotech in the HealthCare Ventures stable that has an early-stage clinical program underway for Bradner's BET (bromodomain) inhibitor--in a $535 million buyout.

Wait for it--Shire could finally announce $32.5B Baxalta deal by Monday

Could Shire's months-long pursuit of Baxalta finally be coming to a close? That's the word from  Reuters, which says the Dublin drugmaker is preparing to announce its acquisition--valued at about $32.5 billion--as early as Monday. 

What's holding up the Shire-Baxalta deal? One word: Taxes

Shire and Baxalta both reportedly want to make a tie-up happen. So what's taking so long? According to the  Financial Times, the potential deal now hinges on Shire's ability to put cash in the mix without triggering a hefty tax bill. And the Dublin drugmaker won't be proceeding until it's "highly confident" in the advice it receives, the newspaper's sources say.

Charles River spends $585M on WIL Research amid a buyout spree

Charles River Laboratories extended its run of acquisitions with a $585 million buyout of WIL Research, picking up a company the CRO said will expand its global footprint and bolster its manufacturing capabilities.

PPD spins out its in-house biotech as sale rumors swirl

PPD, rumored to be up for sale, spun out its wholly owned biotech company into a stand-alone entity, a move the CRO said will maximize shareholder value.

KKR, Panasonic form newco Ascensia from Bayer Diabetes buy for $1.1B

Panasonic Healthcare has closed its purchase of the Bayer Diabetes Care business for about $1.1 billion. The deal was originally disclosed in June and was funded in part by well-known hedge fund KKR, which holds 80% of Panasonic Healthcare with the remainder owned by the larger Panasonic corporate entity.

Rapid-fire pharma M&A could stall a bit in 2016: Bloomberg

Pharma M&A is going strong so far this year, with Baxalta and Shire reportedly weighing a $32 billion-plus deal. But don't expect 2016 to best 2015 in terms of dealmaking, according to some industry watchers, who say that rapid-fire pace is likely to slow in the year ahead.
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