The Pharma Letter M&A roundup - June 2022
Rumors of a mega Merck & Co (NYSE: MRK) acquisition have been swirling round in recent weeks, and while the potential takeover of Seagen has not yet happened, a few noteworthy deals have been announced during June.
By far the biggest was Bristol Myers Squibb (NYSE: BMY) splashing out $4.1 billion on Turning Point Therapeutics to broaden an oncology franchise that is already one of the strongest in the industry.
The rest of the month's M&A activity included deals for privately-held German drugmaker Boehringer Ingelheim, mid-size French firm Ipsen (Euronext: IPN) and a couple for Belgian biotech company Galapagos (Euronext: GLPG).
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