The Pharma Letter M&A roundup - July 2022
Big M&A rumors continue to swirl round the pharma world this summer, with talk of a Pfizer bid for Global Blood Therapeutics in the offing.
While the signs are that Pfizer is in advanced talks to complete the acquisition for around $5 billion, a rumored deal that has not yet happened has been Merck & Co's (NYSE: MRK) potential buy of US biotech Seagen (Nasdaq: SGEN).
In terms of what was announced in July, Anglo-Swedish pharma major AstraZeneca (LSE: AZN) was the only big pharma player to enter the M&A market, acquiring USA-based biotech TeneoTwo for $100 million upfront.
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