Corus Pharma Inc.
Division of Gilead Sciences Inc.
Latest From Corus Pharma Inc.
We present another installment of our quarterly review of dealmaking-for October-December 2006. Our data comes from Windhover's Strategic Transactions Database, which covers deal activity within the pharmaceutical/biotechnology, medical device, and in vitro diagnostics and research industries.
Merck KGAA surprised observers when it announced the €10.6 billion takeover of Europe's biggest biotech, Serono. There was more consolidation to come. That same day, the Danish pharmaceutical group Nycomed Group said it would acquire Altana Pharma for about €4.5 billion in cash. Only a couple days later, UCB SA entered the fray with the acquisition of Schwarz Pharma AG for €4.2 billion in cash and stock. Can these bulked up companies present serious competition for Big Pharma on the licensing front?
Did the 31 biotechs who pulled IPOs since 2003 destroy value? By and large, no-thanks to a growing variety of financing and exit options, most thanks to Pharma's increasing appetite for high-value deals and deeper private equity pockets.
The Vioxx withdrawal is one of those seminal events that, because of the players involved--the industry's largest companies, some of their most valuable drugs, both the European and American regulatory structures--holds up a mirror to an entire industry. Given the record breaking valuation slides, the market is taking a very critical look at the industry's strategies; so should the people who run it.
- Medical Devices
- Drug Delivery
- Therapeutic Areas
- North America
- Parent & Subsidiaries
- Gilead Sciences Inc.
- Senior Management
William Baker, PhD, VP, Research
Jonathan P Mow, VP, Commercial & Bus. Dev.
- Contact Info
Corus Pharma Inc.
Phone: (206) 728-5090
2025 1st Ave., Ste. 800
Seattle, WA 98121