Topic:

M&A

Latest Headlines

Latest Headlines

Hikma shells out $2.65B for Boehringer's U.S. generics business

When Boehringer Ingelheim put its U.S.-based generics business on the market, Hikma Pharmaceuticals, Mallinckrodt and Perrigo reportedly pulled up seats at the bidding table. But Hikma emerged the winner, snagging Boehringer's Roxane Labs unit for $2.65 billion to substantially boost its noninjectable generics business.

Merck signs a $605M deal to bulk up in cancer immunotherapy

Merck, maker of the pioneering immuno-oncology treatment Keytruda, is investing in the next generation of cancer therapies that harness the body's natural defenses, agreeing to pay as much as $605 million for an Israeli biotech at work in the field.

About that brand/generics hybrid thing? Make that brands only, Allergan says with Teva deal

It's been less than 8 months since the company formerly known as Actavis agreed to swallow Allergan, taking a $66 billion plunge into branded sales and pledging to run its branded and generics businesses as "one culture, one company." But it took just a few weeks to undo those plans, as lucky bidder Teva found out with Monday's $40.5 billion deal for the drugmaker's generic offerings.

Allergan joins the hunt for a 'transformational' biotech deal

In a conversation with Forbes ' Matthew Herper, Allergan CEO Brent Saunders happily spotlighted his bolt-on buyouts with Kythera, Naurex, Furiex and Rhythm. Compare that to recent remarks from Eli Lilly's John Lechleiter, who has always insisted on backing the pipeline he has while adding an occasional pact, or Severin Schwan at Roche. Both see this current market as overpriced.

AstraZeneca snags $300M from Sanofi for rare cancer med amid cash-generating deal spree

AstraZeneca CEO Pascal Soriot has long argued that shedding some of the company's noncore businesses could help jump-start sales, adding cash to its reservoirs as it chases its lofty sales goals. Now, the British drugmaker is taking another step in that direction as it passes off one of its rare cancer drugs to Sanofi, getting $300 million in the process.

Forget Mylan: Teva inks $40B-plus pact for Allergan's generics biz

Forget everything you thought you knew last week about some of the generics industry's biggest players. Teva is no longer enmeshed in a hostile pursuit of rival Mylan, and Allergan is no longer touting its status as a hybrid brand-and-generics specialist. Instead, they're teaming up with one another.

UPDATED: Allergan bags NMDA depression drugs in $560M-plus Naurex buyout

The big news in biopharma this weekend is the unconfirmed report that Allergan is looking to sell its generics business to Teva. But Allergan execs didn't let the headlines distract them from another goal of CEO Brent Saunders': building the pipeline.

Stryker: M&A still top priority for cash, but spent only $92M in first half on acquisitions

Stryker reiterated that acquisitions are its top priority for cash. But so far during the first half of this year, the orthopedics giant has spent a mere $92 million of its cash on acquisitions--while accruing an additional $1.8 billion in cash to sit on a pile of a whopping $3.6 billion in cash at the end of last quarter.

Shire CEO: We're prepared to wait for the right deal

The way Shire CEO Flemming Ornskov sees it, smart dealmaking could set Shire on track to join its Big Biotech peers and build out its portfolio in rare diseases. But even though a little M&A could go a long way in helping the company achieve its aspirations, Shire isn't going to settle for whatever comes its way.

The stichting strikes back: Mylan's Dutch foundation snaps up shares to block Teva buy

Wannabe acquirer Teva has built up a 4.6% stake in generics rival Mylan--and that's enough for the newly Dutch pharma. Mylan's independent foundation--known in Dutch as a stichting--has exercised an option to acquire shares that let it control 50% of the company, part of its plan to fend off a hostile takeover.