Deals in Depth: June/July 2008
Executive Summary
June/July 2008 dealmaking highlights: GSK is banking on insomnia with a $560mm pre-commercial value deal for Actelion's Phase III almorexant; Teva expands its hold on worldwide generics through the $8.7bn purchase of Barr; tying PIPEs for the second-most highest biopharma financing type was the Other category, consisting of TPG-Axon's $300mm investment in Lilly to support AD trials; and late VC money dominates medical device financing, accounting for 45% of the $744mm total.