April round-up of pharma/biotech M&A activity
The collapse of the $160 billion mega merger between US pharma giant Pfizer (NYSE: PFE) and Ireland-incorporated Allergan (NYSE: AGN) set the tone for a quiet month for pharmaceutical collaborations and acquisitions, though things livened up as April ended.
Signs of increased activities in recent days have included US biopharma major AbbVie (NYSE: ABBV) acquiring oncology firm Stemcentrx, and the upping of interest from several companies in USA-based Medivation (Nasdaq: MDVN), with French pharma giant Sanofi (Euronext: SAN) having its $9.3 billion takeover bid rejected, though tals are expected to continue.
Biggest deal:
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