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Novo's €2.6bn Ablynx Bid Opens The Door For Better Offers

 
• By Lucie Ellis-Taitt

Gilead, Amgen and AbbVie are names that could join the fray should a bidding war start for Nanobody drug developer Ablynx, which has rebuffed two takeover offers from Novo Nordisk.

Auction
Could rival bidders bring in better offers to acquire Ablynx? • Source: Shutterstock

Novo Nordisk AS wants to acquire Belgian Nanobody developer Ablynx NV for €2.6bn to access its late-stage blood disorder drug caplacizumab, but Ablynx has rejected two offers from the diabetes giant because the figures "fundamentally undervalue Ablynx and its strong prospects for continued growth."

While a takeover would make sense for Novo Nordisk, which desperately needs to boost its pipeline outside of diabetes and already has a significant presence in the blood disorder market through its hemophilia

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