Date Acquirer Co. Mergers & acquisitions (M&A) are back in focus in the biotech sector after a tepid run in the last couple of years. Please. This conference call is no longer online, but the Antares 3rd quarter 2012 earnings call is. Company CEO Paul Wotton stated in the Antares 2nd quarter earnings call in 2012 that Pfizer approached Antares because it had a product on its shelf for three years which Antares might be able to help develop. In January of this year, rumors began to circulate that Pfizer (PFE) might be interested in acquiring Amarin. I think Adicet might be a good fit for Gilead, as it's developing off-the-shelf CAR-T therapies. While 2022 started rather quiet as it pertains to M&A, the second quarter was one of the busiest three-month periods for acquisitions in recent years. All rights reserved. Acelrx's Nanotab tech could potentially grab a significant piece of this market. While Some Have Learned From It, Others Wont. Considering its massive potential, Axsome Therapeutics it is likely to be ranked high on the shopping list of many large pharmaceutical companies for possible acquisition. Keep track of M&A as it happens with this database. Disclosure: I am long ATRS, SLTM, ACRX. Click to get this free report Alnylam Pharmaceuticals, Inc. (ALNY) : Free Stock Analysis Report Biogen Inc. (BIIB) : Free Stock Analysis Report BioMarin Pharmaceutical Inc. (BMRN) : Free Stock Analysis Report Adaptimmune Therapeutics PLC (ADAP) : Free Stock Analysis Report CRISPR Therapeutics AG (CRSP) : Free Stock Analysis Report To read this article on Zacks.com click here. Abbott Laboratories bought out Solvay Pharmaceuticals for $6.1B. (Source: EY 2019 M&A Firepower Report) 1. Editor's note: If tables or values do not display, please try clearing your browser's cache and reloading the page. I own Vertex so I certainly don't want Vertex overpaying for CRISPR Therapeutics. Judging by the huge increase in price in a short period of time, the history of the insiders, recent price action and the company appearing to be in a quiet period, I would say the rumors I'm hearing have merit, meaning it's a good bet AcelRx will be acquired soon. Shockwave Medical, Inc. (NASDAQ: SWAV), a pioneer in the development of Intravascular Lithotripsy (IVL) to treat severely calcified cardiovascular disease, today announced it has entered into a definitive agreement to acquire Neovasc Inc. (NASDAQ,TSX:NVCN), a company focused on the minimally invasive treatment of refractory angina. Which company is going to get bought? Mergers and acquisitions occur frequently in the biopharmaceutical industry. Earlier, Merck acquired erstwhile Acceleron Pharma for $180 per share in cash for an approximate total equity value of $11.5 billion to build its rare diseases portfolio. We have been hearing some strong acquisition rumors concerning AcelRx, much like we heard about Obagi last year. Type a symbol or company name. Biotech companies have had an easy time raising huge sums of money from private investors and, until recently, the public markets. The rumors on Obagi turned out to be correct, as the company was sold last. Rumors again surfaced in 2016 that Roche would acquire BioMarin in a deal that could be in the range of $130 to $150 per share. Sold Kos Pharmaceuticals to Abbott Laboratories: Mr. King served as Executive Vice President of Commercial Operations of Kos Pharmaceuticals, Inc. See above section for details on that buyout. 13. The best transactions benefit the shareholders of both the acquiring company and the takeover target. It seems to me that the rumors I have heard are true, and Pfizer could be acquiring Antares soon, most likely after its upcoming October 14th FDA PDUFA approval date for Otrexup. One of the catalysts that could work in its favor is deal optimism. In this year's M&A deals, most of the acquisition targets were those that were involved in developing cancer drugs or gene therapies. Written by Scott Matusow. All rights reserved. In 2003, Alnylam merged with the German pharmaceutical company, Ribopharma AG. With $94.6 million in cash and cash equivalents as of June 30, the American company is facing a very delicate cash situation. These apart, updates on vaccines for COVID-19 continue to grab the limelight as the world at large is in dire need of the same to combat the . earnings call is. The rumor involved Pfizer (PFE) being the acquirer. Is It Too Late to Buy Vertex Pharmaceuticals Stock? 9. Government. We'll see if that happens, but I think it would be one of the top megamerger acquisition candidates that are on the market right now. Takeover rumors initially swirled around Clovis Oncology in 2013 when Rubraca, was in clinical trial stage. This therapeutic has been licensed to Swiss pharma giant Novartis. Biotech M&A - 2021 Deals Search for: Biotech M&A - 2021 Deals. Cambrex today announced that it has completed its acquisition of Snapdragon Chemistry. As well Dan has 5 years trading futures, specializing in E-minis and Treasury products. After a lengthy drought, could biotech M&A be on the upswing? Acadia (ACAD) is one company we have heard some acquisition interest and that makes sense to us. Sold GenPharm International, Inc. to Medarex, which was then acquired by Bristol-Myers Squibb (BMY): Mr. Rosen served as Director of Corporate Development at GenPharm International. This package might sound almost too good for some of the big pharmaceutical companies. 5 min read Mergers & acquisitions (M&A) are back in focus in the biotech sector after a tepid run in the last couple of years. Let's take a look at some of the biotech companies that have been in the acquisition crosshairs for quite some time. Here's the Stock to Buy Now, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Miratis KRASG12C inhibitor adagrasib is evaluated as a monotherapy and in combination for several cancer indications. In 2013, there were reports that Roche was eyeing BioMarin for a possible acquisition. Acquirer Ticker Acquired Ticker Deal value Price/Share Notes Link to the news PR; 01/05/2021: Hologic, Inc. HOLX: Private-German co. $64M-leader in biopsy site markers: https://bwnews.pr/2L3d7lF: Leap Therapeutics, Inc. and Flame Biosciences, Inc. announced that the companies have entered into a definitive merger agreement pursuant to which Leap has acquired Flame and its assets, including FL-301, its clinical stage anti-Claudin18.2 monoclonal antibody, FL-302, its preclinical anti-Claudin18.2/CD137 bispecific monoclonal antibody, FL-501, its preclinical anti-GDF15 monoclonal antibody, and net cash of approximately $50 million as of December 31, 2022. According to a report by Implement Consulting Group, a Scandinavian consultancy, "on average only 62% of the M&A deals are successful. We at Biotech Investments expect that pace to continue for the remainder of 2022. Seagen has quite a few oncology drugs that would work well with the Bristol-Myers drugs. Otrexyo is a registered trademark of Pfizer. Leading gene-editing biotechs CRISPR Therapeutics and Intellia are likely to be acquired at some point. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. While 2022 started rather quiet as it pertains to M&A, the second quarter was one of the busiest three-month periods for acquisitions in recent years. Analysts, on average, see scope for about 90% upside for Mirati stock. Nasdaq That's the downside there. Cash position at the end of the fiscal year was at $1.52 billion. 10 stocks we like better than Bristol Myers SquibbWhen our award-winning analyst team has a stock tip, it can pay to listen. Merger and acquisition activity has been rather slow in the biopharma industry so far this year. Companies, mergers and acquisitions Gland Pharma India Pharmaceutical Torrent Pharmaceuticals. Rumors again surfaced in 2016 that Roche would acquire BioMarin in a deal that could be in the range of $130 to $150 per share. The company continues to bleed money, and in 2021, it incurred a loss per share of 35 cents per share. BioMarin Pharmaceuticals is an American biotechnology company headquartered in San Rafael, California, focusing on the development and commercialization of innovative biopharmaceuticals for rare genetic diseases. At the time, I was . We first began to hear acquisition rumors in Antares in late 2011. Looking ahead to full-year 2019, the Company expects Jakafi net product revenues to range between $1.65 billion and $1.68 billion, reflecting 20% to 22% growth over the prior year. With focus on discovery, development and commercialization of a strong product portfolio, collaborating with industry-leading partners such as Novartis and Sanofi Genzyme, and an outstanding therapeutics pipeline, Alnylam is one of those biotech gems big pharma companies have on their radar. Beginning on February 10, 2012, Voce Capital sent a letter to the Obagi Board of Directors criticizing the Board's adoption of a poison pill and demanding immediate action to address the company's corporate governance failures. Written by Price as of January 17, 2023, 4:00 p.m. Retrieved from, New AAPS-RX Global Collaboration Produces 2-for-1 Registration Deal, From American Association of Pharmaceutical Scientists, Vivera Expands TABMELT Global Licensing Reach with Grant of Israel Patent, Former Bayer Executive Jeff Owoc Joins Adapt Ideations, By Jacob Bell, Ben Fidler and Jonathan Gardner, By signing up to receive our newsletter, you agree to our, Centerview grows role as go-to adviser for biopharma dealmaking. Moreover, companies investing in mRNA technology are gaining a lot of attention, given the success of the technology in the development of COVID-19 vaccines. I wrote this article myself, and it expresses my own opinions. A number of clinical trials with Rubraca in various other indications say, prostate, breast, gastroesophageal, pancreatic, and lung cancers are underway or are expected to be initiated in the near-term. Since then, Alnylam has received FDA approval for several drugs and has developed a robust development pipeline. There weren't that many biotech acquisitions in 2021, at least, not compared to other previous years. The companys drug Ocaliva has been approved for primary biliary cholangitis. The quest behind the drive is to fill potential gaps in the pipeline. (2016). You can incur substantial financial losses in any trade or investment. Therefore, I am picking 5 best Mid-cap biotech acquisition targets in this post with deal value less than $10B each. Biotech companies have had an easy time raising huge sums of money from private investors and, until recently, the public markets. Given that the FDA is yet to approve a NASH drug, it is worth taking a risk with this one-trick pony. But TIGIT's an immune checkpoint inhibitor, so I think that would pair potentially quite nicely with Bristol-Myers Squibb's Opdivo. The company has a team of world-class researchers, trying to transform the company-owned CRISPR/Cas9 gene-editing platform into breakthrough human therapeutics. They just revealed what they believe are the ten best stocks for investors to buy right now and Bristol Myers Squibb wasn't one of them! 2019 saw more than 25 acquisition deals executed in the biotech sector, of which 14 were billion-dollar deals. Get biopharma news like this in your inbox daily. Scott is an independent investor/writer/trader and team leader of StockMatusow.com. There would be some synergies on the commercial sales side. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Just briefly, very quickly, I think Biogen (BIIB 0.54%) needs to make an acquisition -- ticker for Biogen is BIIB. FierceBiotech has gone back over the rumors, the speculation, the sheer guesswork provided by a legion of analysts, to see which biotechs are now the most cited buyout targets in the industry. On June 14, Alnylam announced that the FDA approved its RNAi drug AMVUTTRA (vutrisiran) for the treatment of the polyneuropathy of hereditary transthyretin-mediated (hATTR) amyloidosis in adults, a rapidly progressive and fatal disease with debilitating polyneuropathy manifestations for which there are few treatment options. Alnylam stock has a market capitalization of over $20 billion. 2. He has 7 years of experience investing and trading biotechnology focused equities with a specialty in identifying under-appreciated value in small caps. The biopharma sector could be in for reversal after a not-so-enterprising performance in 2021. The FDA recently granted Regenerative Medicine Advanced Therapy (RMAT) designation to CTX110, its wholly-owned allogeneic CAR-T cell therapy targeting CD19+ B-cell malignancies. CRISPRs lead product candidate, CTX001, is an investigational, autologous, gene-edited hematopoietic stem cell therapy that is being evaluated for the treatment of transfusion-dependent beta thalassemia (TDT) and severe sickle cell disease (SCD). Its lead product candidate, pimavanserin, designed to treat Parkinson's Disease Psychosis (PDP) has completed a. e have heard similar buzz over the last few months, and as mentioned, the buzz makes sense to us, in no small part because Acadia has had quite an epic stock run over the last year. The speculation gained further ground when Denmark-based Novo Nordisk (NYSE:NVO) announced a deal to buy Dicerna, also a RNAi therapeutic company. Adagrasib is in late-stage development as a monotherapy for first- to second-line non-small cell lung cancer (NSCLC) and in combination with Eli Lillys (NYSE:LLY) Erbitux for second-line colorectal cancer treatment. Whether M&A activity continues will have a significant effect on which startups and drug programs get funded and advanced. Price as of January 17, 2023, 4:00 p.m. Shockwave Medical bolsters medical device portfolio with acquisition of Neovasc. Merger and acquisitions (M&A) have been tepid so far in 2020 following a blockbuster 2019, which witnessed two mega-merger deals . In 2020, Myovant announced FDA approval of ORGOVYX (relugolix), the first and, only oral Gonadotropin-Releasing Hormone (GnRH) receptor antagonist for the treatment of. Oncology and gene therapy were the subjects of acquisitions this year. The FDA decision on Pemigatinib is expected by May 30, 2020. This biotechnology company, which operates in hemophilia and ultra-orphan disease drug space, has seven approved treatments, a strong pipeline, and steadily growing revenue. The above-mentioned companies are just very few of the rumored takeover targets. The Motley Fool has a disclosure policy. Meanwhile, earlier this month, U.K.-based Elliott Advisors, one of the largest stakeholders in Alexion, urged the company to take a proactive approach and put itself up for sale to maximize the chance of an optimal outcome. Even with a market cap of over $2B, we feel Acadia could fetch as much as $6B if the FDA approves pimavanserin, which could happen in the next 6 to 8 months. Sold Pharsight Corporation to Tripos International: Mr. Rosen served on the Board of Directors of Pharsight Corporation. Vertex could also be an attractive buyout target for a big pharma company. Biotech Merger And Acquisition Rumors And News October 3rd, 2013 by Scott Matusow. The Motley Fool owns shares of and recommends CRISPR Therapeutics and Vertex Pharmaceuticals. This would be a similar strategy Voce followed with Obagi. Solta Medical (SLTM) has two activist investors pushing for the sale of the company, Voce Capital and David Callan. I'm thinking Intellia (NTLA -1.57%) potentially being acquired by Regeneron (REGN 0.83%), and CRISPR Therapeutics (CRSP 3.66%) potentially being acquired by Vertex Pharmaceuticals (VRTX 3.67%). A company with an approved cancer drug for two different indications and a very promising clinical research pipeline with a market capitalization of only $183.3 million? The first few months lived up to expectations: All of the top 10 M&A deals of January-June 2018 exceeded $1.5 billion, paced by the completion of Bayer's $63 billion buyout of Monsanto . Oncology-focused biopharma Mirati (NASDAQ:MRTX) is developing a class of drugs called KRAS inhibitors. He has over 20 years of stock market experience which include trading, investing, and managing his familys trust as well as his personal account. Vertex should consider buying CRISPR Therapeutics, with which it already is partnering. Just recently, Bayer bought out Conceptus for $1.1B. Then I'll throw one more out -- Vertex (VRTX 3.67%) buying CRISPR Therapeutics (CRSP 3.66%). Sold Sepracor to Dainippon Sumitomo: Mr. Adams served as President and Chief Executive Officer of Sepracor Inc. Dainippon Sumitomo bought out Sepracor for $2.6B, or a 48% premium over the current share price. Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. According to Glenn Hunzinger, U.S. Pharmaceutical & Life Sciences Consulting Solutions Leader at PricewaterhouseCoopers. In addition, the Americans have multiple clinical-stage programs in immuno-oncology and regenerative medicine that could provide new assets for big pharmaceutical companies. The company has three marketed products and boasts of a vibrant pipeline, with a host of investigational therapeutics. Aesther Healthcare Acquisition Corp and Ocean Biomedical, Inc. announced that AEHA has filed with the U.S. Securities and Exchange Commission a definitive proxy statement in connection with its proposed business combination with Ocean and with respect to the special meeting of Aesthers stockholders scheduled to be held on February 3, 2023. In addition, the American company has several commercial and research successes, including recent positive Phase 3 clinical trial data for its ATTR amyloidosis drug ONPATTRO (Patisiran). A report from industry analyst IQVIA suggests that "significant deal activity, both in terms of volume and value, will continue to be seen in oncology, with next-generation biological therapies such as neoantigen-directed approaches likely to attract considerable big pharma interest". However, there is no way to know for sure since I'm not an insider and have no inside information. Sold CoTherix, Inc. to Actelion Pharmaceuticals Ltd.: Mr. Rosen served on the Board of Directors of CoTherix, Inc. Actelion Pharmaceuticals bought out CoTherix for $420M.
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