DNA

biotech

The Biotech Industry Prepares For A Wave Of Consolidation

Underscoring just how much big pharma will depend on biotech acquisitions for future revenue, an analysis published by Evaluate Pharma today suggests half of the top 100 drugs worldwide ...
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Media Digest 4/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Obama demanded that the G-20 find solutions to the global financial crisis. Reuters reports that a bankruptcy for GM (GM) and Chrysler could be a long, drawn-out ...
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Media Digest 3/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Obama may be stretched to thin. Reuters reports that AIG (AIG) executives in Europe are resisting returning bonuses. Reuters reports that Obama will begin to tighten the ...
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Allergan May Join Sector Takeover Waves (AGN, GSK, DNA, PFE, WYE, MRK, SGP)

If the rumor mill has any truth to it, then Allergan Inc. (NYSE: GSK) may by the next biotech takeover target.  There is roughly $150 billion in new equity investor ...
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Genetech Merger Holdouts Face Dimming Hope (DNA)

The hope for a higher Genentech Inc. (NYSE: DNA) buyout price is getting smaller and smaller.  After the companies agreed to a $95.00 per share merger, this was already assumed ...
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A Renaissance for Big Acquisitions

A large part of the money that was made by banks and investment banks from 2004 through most of 2007 was made from mergers and acquisitions. When the credit markets ...
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Roche Buyout: For Genentech (DNA), A Game Well Played

Before Roche decided to try to buy the 44% of biotech company Genentech (DNA) that it did not already own the smaller firm traded at $75. Roche offered just over ...
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Media Digest 3/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Roche agreed to buy Genentech (DNA) for $46.8 billion. Reuters reports that the world economy is shrinking as the G20 meeting approaches. Reuters reports that US foreclosure ...
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Media Digest 3/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to the head of the FDIC, a "bad bank" system could jumpstart the US economy. Reuters reports that some economists believe that the US economy will start to rebound ...
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Roche Capitulates (DNA)

Roche has apparently capitulated in its fight to take over Genentech Inc. (NYSE: DNA).  Its cancer franchise and its pipeline, along with a shareholder proxy fight, finally made Roche tip ...
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Media Digest 3/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, too much dependence on government aid could cause a second recession when the companies are forced to stand on their own. Reuters reports that Obama is considering ...
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Genentech (DNA) Will Regret Turning Roche Down

The board of Genentech (DNA) turned down an $86.50 offer by Roche to buy the part of the company that it does not already own. Until about a month ago, ...
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Media Digest 2/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, JPMorgan (JPM) cuts its dividend. Reuters reports that AIG (AIG) got bids from Met Life and Axa for its life unit. Reuters says that healthcare spending is ...
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Media Digest 2/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Honda (HMC) sales in the US fell in January.Reuters reports that the premier of China sees hopeful signs in his economy.Reuters reports that hard times make government ...
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Media Digest 1/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Republican may keep fighting Obama on the stimulus package.Reuters reports that Roche dropped its bid on Genentech (DNA) to $42 billion.Reuters writes that the Administration will release ...
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