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Purdue CEO: The Year For Transformative M&A Is Here

 
• By Jessica Merrill

The private specialty pharma is shopping for a transformative deal or a series of smaller deals that will diversify the company into a new area outside of pain and CNS disorders, CEO Mark Timney says during interview.

Purdue Pharma LP is in the market for a big deal or a series of smaller deals that will diversify the private specialty pharma into new areas outside of pain and central nervous system disorders. “2016 is our year for the transformative deal,” CEO Mark Timney said during an interview at the Feb. 8 BIO CEO & Investor Conference in New York.

Timney has been expanding Purdue’s therapeutic area of focus beyond opioids since taking over as CEO of the company in early 2014, following a long tenure at Merck & Co. Inc. One of his first priorities was to scale back internal R&D and jumpstart business development at the company

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