GEN reports on biotech acquisition deals in 2010 that topped $1 billion
2011-01-11
(Press-News.org) New Rochelle, NY, January 10, 2011—The 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.
INFORMATION:
About GEN
Genetic Engineering & Biotechnology News (GEN) has retained its position as the number one biotech publisher around the globe since its launch in 1981. GEN publishes a print edition 21 times a year and has additional exclusive editorial content online, like news and analysis as well as blogs, podcasts, webinars, polls, videos, and application notes. Additionally, GEN hosts a networking platform called GENconnect, which comprises Communities such as All Things PCR, Next-Generation Sequencing, Biomarkers, and more. GEN's unique news and technology focus includes the entire bioproduct life cycle from early-stage R&D, to applied research including omics, biomarkers, as well as diagnostics, to bioprocessing and commercialization. For more information visit the GEN website (http://www.genengnews.com/).
Genetic Engineering & Biotechnology News (http://www.genengnews.com/, which is published 21 times a year by Mary Ann Liebert Inc., is the most widely read biotechnology news magazine worldwide. It includes articles on Drug Discovery, Bioprocessing, OMICS, Biobusiness, and Translational Medicine.
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[Press-News.org] GEN reports on biotech acquisition deals in 2010 that topped $1 billion
