What is Pfizer going to buy next? Albert Bourla outlines his M&A strategy in the post-Upjohn era
In a call with analysts on Monday, CEO Albert Bourla put the spotlight on the big pharma’s shift to becoming a “smaller, more focused, science-based company with a singular focus on innovative pharma” now that Upjohn has been dealt with and he has a consumer deal with GSK.
In the Bourla era, that means a steady flow of new deals, but nothing that tips the big pharma scale.
That approach has already triggered deals for Therachon (small, with $340 million cash upfront) and Array (mid-sized at $11.4 billion), and Bourla says the BD team continues to scout for “bolt-on opportunities, that would be on early to mid-stage opportunities, where maybe there is higher risk as you know, but the value creation is further greater. And the risk of operational disruption is perhaps lower.”
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