Entries tagged "biotech mergers"
At The Deal LLC's Healthcare Dealmaking Symposium, attorney Keith Pagnani commented on how the dealmaking landscape for biotechs is changing.
Richard H. Stowe, general partner at Health Enterprise Partners, said the recession is taking its toll on healthcare and pharma mergers despite a few recent megadeals.
Pharmaceutical company Eli Lilly and Co. made its biggest acquisition ever with its $6.5 billion cash deal to acquire biotech company ImClone Systems Inc. on Monday. But credit rating agency Fitch Ratings feels Eli Lilly is taking a risk that may warrant a possible credit rating downgrade....