Amgen not willing to be taken for a ride amid soaring M&A valuations
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.
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