The week in pharma: action, reaction and insight – week to December 16, 2022
By Barbara Obstoj-Cardwell. Editor
Last week saw the announcements of the biggest pharmaceutical M&A and licensing deals of the year. US biotech giant Amgen, which will soon be facing competition from biosimilars, agreed to fork out around $28 billion to acquire Horizon Therapeutics. Another US biotech, Clovis Oncology, has finally thrown in the towel, filing for Chapter 11 bankruptcy, and a “stalking-horse” deal with Novartis. Japan’s largest drugmaker Takeda announced a licensing deal with Nimbus Therapeutics for the latter’s autoimmune candidate NDI-034858, re-coded TAK-279, paying a massive $4 billion upfront.
Horizon acquisition key considerations
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