BioRegnum: What’s the deal with Biogen?
The view from Endpoints
“We are in a world of eat or be eaten,” Cowen’s Eric Schmidt told the Boston Globe about Biogen. “If they don’t redeploy their cash efficiently or properly, there’s always a chance that somebody may come in and monetize their assets for them.”
Sound familiar? That was from a year ago, as a setback on its new Alzheimer’s drug coincided with faltering Tecfidera sales to set the stage for what has become a mantra: Biogen has to either get moving and start striking some major drug deals, or it will face a takeover. So it’s no wonder that with no blockbuster-style deals in 12 months, we’re seeing reports pop up now as executives at other Big Pharmas have started sounding out Biogen’s board members about their interest in selling the company.
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