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Amgen CEO Bradway On Deals: Good (Smaller) Opportunities Are Vast

J.P. Morgan Q&A Illuminates Market Dynamics

 
• By Mandy Jackson

Amgen is enthusiastic about deals of all sizes, including a new Arrakis collaboration, and is interested in large transactions like its Otezla buy – but Bradway said right-priced opportunities are fewer and farther between. 

Vast prairie and forest in beautiful autumn
In the vast deal landscape, smaller deals are easier to find • Source: Alamy

The biggest question going into the J.P. Morgan Healthcare Conference every year is which big company is going to announce a large acquisition. Amgen, Inc. CEO Robert Bradway’s answer on 11 January at this year’s meeting is that there are not many opportunities out there for larger transactions at a feasible price, but there is a lot of smaller firms with technology that can help the company boost its longer-term research and development goals, like Arrakis Therapeutics.

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