Posted on January 14, 2009 at 11:20 AM
Filed under: Acquisitions | Careers | Corporate Strategy | Growth Strategy | Movers & Shakers
Tagged: Eric Tardif , Gen-Probe , Jennerex , Movers , Pfizer , Samantha Miller

[ Share ]  [ E-mail ]  [ Leave a Comment ]

As pharmaceutical companies look to load the pipeline with licensing deals and acquisitions, biotech firms are positioning themselves to be on the receiving end of deals. Two of those firms are Jennerex Inc. and Gen-Probe Inc., which on Tuesday added new dealmakers.

Biotherapeutics firm Jennerex hired industry veteran Samatha Miller as vice president of corporate development. In a 20-year career, Miller has been involved in executing over 30 partnerships and licenses with companies including GlaxoSmithKline plc, Eli Lilly and Co. and  Johnson & Johnson. Meanwhile, former investment banker Eric Tardif has joined the biotech firm Gen-Probe as senior vice president of corporate strategy. Tardif was most recently with Morgan Stanley's healthcare investment banking group. 

As The Deal's Alex Lash reported recently, with pharma companies downsizing their R&D operations, they're increasingly taking partial stakes in biotechs with promising drugs in development. With news this week that Pfizer is cutting its research staff by 8%, it's a trend we should see more of in 2009. - Suzanne Stevens  




Join Corporate Dealmaker's LinkedIn forum

Also From Corporate Dealmaker

• Dell drives in IT services as PC slump deepens
• Proxy prelim: CF wins Terra board seats
• Deal Economy 2010: Avaya's Ali on digesting Nortel
• Disney, Microsoft, Abbott Labs win M&A awards
• Car czar says GM IPO could happen in 2010

Corporate Dealmaker Home Page

From TheDeal.com

• Hershey cleared to dine on Cadbury
• Deal Stocks: GS, DELL, CBY, HSY, GE, CMCSA
• GSI Group goes under
• Should MetroPCS take a Leap?
• The Deal Economy 2010: Avaya's Ali on digesting Nortel

TheDeal.com Home

Post a comment

Name:

Email Address:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)

Please only click "Post" once. It may take a few moments to process.