Deal Watch, Amgen: ‘We’ve got a number of pretty interesting prospects’
Last fall, the Financial Times managed to get heads to turn when it quoted sources saying that Amgen was looking for an acquisition worth up to $10 billion. It would be a buyout that was directly product/sales related. And it was no coincidence that the tempting key figure was almost exactly what it paid to get Onyx in 2013.
We’re still waiting for that big acquisition.
The Big Biotech’s last M&A deal hit last fall, when it picked up Dezima, a CETP acquisition with a $300 million upfront that landed just ahead of another late-stage CETP fiasco at Eli Lilly. That pretty much fit the bill for all of Amgen’s M&A work since Onyx landed.
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