Baxalta seeking alternatives to takeover by Shire: reports

23 December 2015

US biotech company Baxalta (NYSE: BXLT) is looking at potential alternative suitors for a merger even as the company remains open to a deal with Ireland-headquartered Shire (LSE: SHP), according to media reports.

Even as there is no confirmation of a new offer from Shire yet, Baxalta is looking if there may be any better deals as an alternative to the merger with Shire, reports say.

Further, there are unconfirmed reports that Shire has made a fresh bid for Baxalta. A deal, if successful, will create one of the world's biggest firms in the realm of rare diseases with product sales of around $20 billion by 2020 and double-digit percent annual growth sales.

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