Navigation Links
GEN reports on biotech acquisition deals in 2010 that topped $1 billion
Date:1/10/2011

New Rochelle, NY, January 10, 2011The mega-mergers of 2009 did not continue into 2010. While the three biggest acquisitions in 2009 each had a price tag of more than $40 billion, only last year's top purchase got above that mark, according to an evaluation of reported deals conducted by Genetic Engineering & Biotechnology News (GEN) (http://www.genengnews.com/). The only other mega takeover for the year, sanofi-aventis' move to buy Genzyme, is still being worked out.

A look at 2010's buyouts that crossed the $1billion mark (http://www.genengnews.com/gen-news-highlights/acquisition-deals-in-2010-that-topped-1b/81244443/) reveals interesting similarities with major acquisitions from past years. Prior finalists make a repeat appearance, and most organizations that have reported consolidation say that the mergers have been positive.

"I think the uncertainty surrounding the sanofi-aventis/Genzyme story put a break on the number of large mergers and acquisitions that might actually have taken place," says John Sterling, Editor in Chief of GEN. "Once that deal gets done, other big M&As are likely to follow."

Novartis' $41 billion purchase of Alcon, which has a significant portfolio of eye disease therapies, topped the list of acquisitions last year. Sanofi-aventis' bid for Genzyme of $18.5 billion, which still has to clear, grabbed the number two spot. Merck's foray into life science tools and services with its $5.2 billion acquisition of Millipore was next, followed by Teva paying 3.625 billion for ratiopharm to up its generic drug dominance.

Fifth place went to Astellas Pharma for picking up OSI Pharmaceuticals for $4 billion. Pfizer, 2009's top bidder, made the number six spot with its takeover of King Pharmaceuticals for $3.6 billion. Other acquisition deals that crossed the billion-dollar mark included Grifols/Talecris, Celgene/Abraxis, Thermo Fisher Scientific/Dionex, and Johnson & Johnson/Crucell.


'/>"/>

Contact: John Sterling
jsterling@genengnews.com
914-740-2196
Mary Ann Liebert, Inc./Genetic Engineering News
Source:Eurekalert

Related biology news :

1. LSUHSC reports first successful salivary stone removal with robotics
2. Cardium Reports on Presentation at American Heart Association Meeting Relating to Gene Delivery to the Heart and Generx Clinical Development
3. Aware, Inc. Reports Third Quarter 2010 Financial Results
4. Smithsonian reports regional sea temperature rise and coral bleaching event in Western Caribbean
5. Novocure reports data showing TTF therapy in combination with chemotherapy has the potential to increase overall survival for patients with advanced non-small cell lung cancer
6. Terumo Medical Corp. reports first US implant in landmark study enrolling in US and Japan
7. GEN reports on the greening of the life sciences
8. Aware, Inc. Reports Second Quarter 2010 Financial Results
9. GEN reports on rediscovered technology to bolster proteomics research
10. BIO-key® Reports Strong 2010 Second Quarter and Six Month Financial Results
11. International Drug & Explosives Detection Company IDenta Corp Reports on BTK- Bullet Hole Testing Kit
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/3/2017)... 3, 2017  Data captured by IsoCode, ... detected a statistically significant association between the ... treatment and objective response of cancer patients ... predict whether cancer patients will respond to ... well as to improve both pre-infusion potency testing ...
(Date:3/29/2017)... March 29, 2017  higi, the health IT company ... North America , today announced a Series ... acquisition of EveryMove. The new investment and acquisition accelerates ... tools to transform population health activities through the collection ... higi collects and secures data today on ...
(Date:3/24/2017)... Research and Markets has announced the addition of the ... Forecast to 2025" report to their offering. ... The Global Biometric Vehicle Access System ... over the next decade to reach approximately $1,580 million by 2025. ... forecasts for all the given segments on global as well as ...
Breaking Biology News(10 mins):
(Date:6/22/2017)... ... 22, 2017 , ... AESKU.GROUP, an innovation leader in ... Technologien GmbH, thereby expanding its product portfolio to include allergy and food intolerance ... atopic eczema or a food allergy. Allergies are escalating to epidemic proportions and ...
(Date:6/22/2017)... ... 2017 , ... RURO, Inc., a leading LIMS, RFID, and ... update to the Limfinity® framework. , LimitLIS® and other RURO solutions based on ... customers among labs and other businesses. Limfinity® 6.5 adds new features and improvements ...
(Date:6/20/2017)... Pa. , June 20, 2017  Kibow Biotech ... pleased to announce the issuance of a new patent ... or hyperuricemia by the U.S. Patent and Trademark Office ... a winner of the Buzz of Bio award in ... is akin to developing non-drug approaches to chronic disease. ...
(Date:6/19/2017)... (PRWEB) , ... June 19, 2017 , ... ... solutions for clinical development reported today that it is launching two new additions ... company will be demonstrating new capabilities at the DIA 2017 Annual Meeting in ...
Breaking Biology Technology: