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A Deal For Biogen, But Not The One Investors Are Waiting For

 
• By Jessica Merrill

The firm announced a small deal with Karyopharm for a preclinical asset with potential in ALS, but large deals are also being considered, management told the fourth quarter earnings call.

Two businessmen shaking hands during a meeting in the office, success, dealing, greeting & business partner concepts - soft light.

Biogen investors want the big biotech to make a big M&A move like rival Celgene Corp., but the wait will continue. The company did sign a deal, announced Jan. 25, with Karyopharm Therapeutics Inc. but it's a small one, involving a $10m upfront in exchange for rights to a preclinical asset KPT-350, which could offer benefits in neurological conditions including amyotrophic lateral sclerosis (ALS).

During a same-day conference call, management had sounded open to larger deals involving late-stage assets. Biogen certainly has the money to invest; the company said it has the capacity to...

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