1. Roche's Acquisition of Carmot Therapeutics:
- On December 4, 2023, Roche entered into definitive merger agreements with Carmot Therapeutics.
- Roche will acquire Carmot and its gamut of clinical-stage obesity drugs for $2.7 billion.
- Additionally, there may be $400 million in milestone payments.
2. Abbott's Plan to Acquire Bigfoot Biomedical:
- In the third quarter of 2023, Abbott announced plans to acquire Bigfoot Biomedical.
- If successful, this acquisition could significantly enhance Abbott's diabetes management portfolio.
3. Eli Lilly's Acquisition of Dice Therapeutics:
- In June 2023, Eli Lilly announced the acquisition of Dice Therapeutics for $2.4 billion in cash.
- This represents a 40% premium on the recent trading value of the smaller firm.
4. FTC's Lawsuit Against Amgen-Horizon Deal:
- The Federal Trade Commission (FTC) is taking Amgen and Horizon to court in September 2023.
- The lawsuit aims to block a prospective pharmaceutical acquisition of the two companies.
5. GSK's Acquisition of Bellus Health:
- In April 2023, GSK reached an agreement to acquire Bellus Health Inc. for nearly $2 billion.
- Bellus, a Canada-based biopharmaceutical company, will provide GSK access to camlipixant.
6. Sanofi's Acquisition of Provention Bio:
- In March 2023, Sanofi announced a $2.9 billion acquisition deal with Provention Bio.
- Sanofi will pay $25 per share in cash for this US-based company.
7. Pfizer's Consideration of Seagen Acquisition:
- Pfizer Inc. is reportedly in talks to buy the cancer drugmaker Seagen Inc.
- This comes after a potential acquisition by Merck fell through in the previous year.
8. Sun Pharmaceutical Industries' Acquisition of Concert Pharma:
- Sun Pharma announced its acquisition of Concert for a total of $576 million in cash.
- Concert recorded a net loss of nearly $576 million during the first three quarters of 2022.
9. Envision Pharma Group's Acquisition of OKRA.ai:
- Envision Pharma Group acquired OKRA.ai, a leader in artificial intelligence solutions for pharmaceutical operations.
10. Senator Elizabeth Warren's Antitrust Action:
- Senator Elizabeth Warren expressed concern about recent consolidation in the pharmaceutical industry.
- She characterized it as a potential antitrust issue.
These pharmaceutical mergers and acquisitions reflect the dynamic landscape of the pharmaceutical sector, where companies seek to enhance their portfolios, expand capabilities, and drive innovation. 🌐💼.
References:
(1) Mergers & Acquisitions News - PharmaNewsIntelligence. .
(2) The Pharma Pulse: Mergers and Acquisitions.
(3) Biotech, Medical Device & Pharmaceutical Mergers | BioSpace.
(4) The top 10 biopharma M&A deals of 2022 - Fierce Pharma.
(5) Biotech M&A is on the upswing. Track the latest deals here.
(6) Getty.
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