After Big Daddies like Pfizer, Merck and GSK’s billion dollar Mergers and Acquisitions (M&A)....I was awaiting for news from BMS (Bristol Mayer Squibb). For sometime news was that BMS has cash flow for around 4 Billion and was planning to acquire some company by this summer, Earlier the news was that BMS has interest in Cougar Biotechnology which was later acquired by Johnson and Johnson for $1 Billion and then today Bristol-Myers Squibb Co. said it is buying out Medarex Inc. for $2.4 billion for filling its pipeline of experimental biological drugs and this deal will provide Bristol-Myers full ownership of the skin cancer drug ipilimumab, which it has jointly developed with Medarex.
Friday, July 24, 2009
Bristol Mayer Squibb first move in M&A this year...........................
After Big Daddies like Pfizer, Merck and GSK’s billion dollar Mergers and Acquisitions (M&A)....I was awaiting for news from BMS (Bristol Mayer Squibb). For sometime news was that BMS has cash flow for around 4 Billion and was planning to acquire some company by this summer, Earlier the news was that BMS has interest in Cougar Biotechnology which was later acquired by Johnson and Johnson for $1 Billion and then today Bristol-Myers Squibb Co. said it is buying out Medarex Inc. for $2.4 billion for filling its pipeline of experimental biological drugs and this deal will provide Bristol-Myers full ownership of the skin cancer drug ipilimumab, which it has jointly developed with Medarex.
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