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BioMarin Is Carrying The Biggest Target On Its Back, Morningstar Says

 
• By Joseph Haas

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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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.

In its new Healthcare Observer report, the financial firm concluded further industry consolidation appears likely because cash-rich companies need innovative new products and pipeline candidates, while a challenging reimbursement

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