The problem with being a cash-laden big biotech company can be that everyone knows that you are a cash-laden big biotech company.
US biotech giant Amgen (Nasdaq: AMGN) is the latest to experience this, with its need to increase revenues by acquiring new assets, and its sizeable pot of money to achieve this, something that potential targets are very much aware of.
Possibly Monday’s interview piece in UK newspaper The Financial Times, titled Amgen struggles to find deal targets, will not help the situation by drawing further attention to the firm's dilemma.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze