September round-up of pharma/biotech M&A activity
Bayer's (BAYN: DE) $66 billion proposed buy of Monsanto (NYSE: MON) was the biggest deal of the month involving a pharma company, but Ireland-incorporated Allergan (NYSE: AGN) was the busiest in M&A activity overall.
Monsanto, a USA-based GMO giant, finally succumbed to the advances of the German pharma major after a prolonged pursuit, while Allergan has been wasting no time in strengthening its portfolio after its generics arm was bought by Israeli drugmaker Teva (NYSE: TEVA) this summer.
The Dublin-based company has added assets in opthalmology, dermatology and progams for non-alcoholic steatohepatitis (NASH) in a big-spending September.
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