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Deloitte Report: Pharmaceutical Companies' Patent Cliff Could Bolster Mergers and Acquisitions
Date:10/27/2009

likelihood of demonstrating approvable drug efficacy profiles.

"However while late-stage deals may have lower overall risk, later-stage deals and associated higher deal valuations can pose greater financial risk," Pfrang added. "This is because executing and integrating later-stage deals often presents a unique set of challenges and missteps that can have a high cost, including delaying product launch, or worse, compromising the entire program."

To download a copy of the paper, please visit: www.deloitte.com/us/acqusitionsvsproductdevelopment.

To speak with Deloitte about the paper and related issues, please contact John La Place at 212-492-4267, or jlaplace@deloitte.com and Peter Poulos at 212-885-0588, or peter.poulos@hillandknowlton.com.

About Deloitte

As used in this document, "Deloitte" means Deloitte & Touche LLP and Deloitte Services LP, which are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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