Deal Watch: Roche/Foundation Medicine Highlights Hyper Deal-Making During J.P. Morgan
• By John Davis and Lisa LaMotta
Biogen will purchase GSK spinout Convergence to bolster its pain portfolio, while Tekmira and OnCore are merging to create a new company focused on hepatitis B. Two J&J units struck deals during the week in Alzheimer’s and gastrointestinal indications, as Lilly teamed up with Merck and Bristol for combo trials to keep its drugs relevant in the PD-1 world.
“The Pink Sheet” regularly provides commentary and perspective on key business deals. A furious pace of deal-making continued during the weeklong J.P. Morgan Healthcare Conference in San Francisco – here’s a summary of the most noteworthy transactions occurring between Jan. 10-16.
Advanz Pharma would have had to show that the European Commission’s decision to revoke Ocaliva’s conditional marketing approval risked causing serious and irreparable harm, according to lawyers from Van Bael & Bellis.
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While the first six months of the year saw eight new drugs targeting a range of diseases enter the European Medicines Agency’s priority medicines scheme, and three PRIME-designated treatments go on to win EU marketing approval, use of the accelerated assessment mechanism appears to be limited.
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