Latest from Kevin Grogan
Next year will see plenty of deals in the biopharma space and a growing number of them will come from China, attendees at the Jefferies London Healthcare Conference heard.
The US healthcare giant says that icotrokinra could provide an “industry-leading combination of significant skin clearance with demonstrated tolerability in a once-daily pill" after succeeding in late-stage trials.
After completing due diligence, private equity firm Brookfield is reportedly close to launching an offer of €10.50 euros per share to acquire the Spanish major. Given that at least one investor believes Grifols is worth at least €20 a share, sparks could fly.
The US firm wants to hook up with the German group to create a global innovative services company but its €11.00 per share cash offer looks unlikely to sway Evotec shareholders.
While Europe and the US had similar levels of R&D expenditure until 2014, the gap is widening and China is coming up on the rails, according to a new report from EFPIA, which warns that a coherent life sciences strategy for Europe would help stop the decline.
The German major’s CEO Bill Anderson will not be tempted to go out and make a big bid on a late-stage asset to fill the revenue gap caused by Xarelto’s patent expiries, telling Scrip that " in the pharma business, that's pretty much worse than going to the casino.”