Am­gen’s $70B in ‘deal ca­pac­i­ty’ post-tax re­form puts the spot­light on 'big things' in M&A — an­a­lyst

With tax re­form bol­ster­ing its 2018 pro­jec­tions and $27 bil­lion burn­ing a hole in its pock­et, at least one promi­nent an­a­lyst says Am­gen $AMGN looks to have a war chest for deals that could pro­vide up to $70 bil­lion in “deal ca­pac­i­ty.”

That gives the com­pa­ny lots of am­mu­ni­tion for the M&A bat­tle to come, and right now the fo­cus is on pars­ing CEO Bob Brad­way’s re­marks about ac­qui­si­tions in his call with an­a­lysts Thurs­day evening.

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