Biotech M&A is ripping along now as IPOs surge and venture cash flows. Who's the next big target?
Over the course of the first three days of this week we’ve been treated to two biotech buyouts totaling $9.6 billion — by itself more than all the buyout cash EvaluatePharma accounted for during all of Q2 last year. And after Q1 racked up close to $47 billion in M&A work, there’s plenty of anticipation that more deals lie ahead in what could be a very busy 2018.
At the top of the to-buy list right now is Shire $SHPG, which Takeda put into play with its move to flag a likely upcoming offer. That would be worth more than $50 billion by itself. Takeda’s interest came out of left field, but the company has been restructuring for the past two years, shedding R&D jobs and reevaluating the pipeline.
To read Endpoints News become a free subscriber
Unlock this article instantly, along with access to limited free monthly articles and our suite of newsletters