More merger and acquisition activity, including deals among large-cap biopharma companies, seems sensible and likely, according to a new analysis from Morningstar, which thinks Pfizer Inc. still is on the lookout for a potentially transformative deal despite recent comments to the contrary. Merck & Co. Inc. and Johnson & Johnson also are logical fits for a big deal, the report says, while BioMarin Pharmaceutical Inc. makes sense as a buyout target for just about all of the 19 largest publicly traded biopharmas.
BioMarin Is Carrying The Biggest Target On Its Back, Morningstar Says
BioMarin’s focus on rare diseases and gene therapies and expected financial growth make it a logical acquisition target for almost any large pharma, though Biogen, Amgen and Regeneron also offer a beneficial fit for many.
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