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NOT A SUBSCRIBER?Keeping the bankers employedPosted on June 26, 2009 4:43 PM
With public markets sluggish and not enough M&A to go around, what's a biotech banker to do? Drug industry dealmakers report that bankers are dipping their toes into unfamiliar waters, the bread-and-butter licensing and partnering deals that don't get the splashy headlines of M&A but provide a crucial source of cash for small companies that sell rights to promising drugs to larger firms with aging product lines.
"We're seeing a lot more activity from bankers," said Chen Schor, who runs business development for the branded-product group at Israeli generics giant Teva Pharmaceutical Industries Ltd. "They bring some order to the process," he said at an industry conference in San Francisco dedicated to licensing strategy. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline.
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