Baxalta seeking alternatives to takeover by Shire: reports
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.
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
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
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
More on this story...
Today's issue
Company Spotlight
More Features in Biotechnology
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze