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Deal Update: Taking Stock of Biogen Idec

Like the merger that created Biogen Idec, its new collaboration with PDL is an example of how biotechs can combine to help achieve critical mass. But Biogen Idec still has a lot of heavy lifting to do, especially in one key therapeutic area-oncology.

By Mark Ratner

The 2003 merger that created Biogen Idec Inc. was a showcase for the strength of biotech-biotech combinations. [See Deal] It was designed to provide the scale and scope to put forward the investment necessary to build and develop a pipeline, and to create a strengthened infrastructure offering greater resources to potential partners—to be a partner of choice in large-molecule development. (See "Biogen Idec: A Sign of Biotech's Maturation," IN VIVO, July 2003 Also see "Biogen Idec: A Sign of Biotech's Maturation" - In Vivo, 1 July, 2003..) Taking advantage of that leverage, Biogen Idec has now made its first noteworthy clinical-stage deal, collaborating with Protein Design Labs Inc

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