Last week US treasury
Department made a rule change that appeared to be aimed specifically at the
transaction of Pfizer and allergan $ 160 Bn deal, stripping Pfizer of its
benefits.
With this deal Pfizer’s would have had relocated its headquarters to
Ireland and shaved billions off its tax bill. Pfizer CEO Ian Read said in a brief statement: "We plan
to make a decision about whether to pursue a potential separation of our
innovative and established businesses by no later than the end of 2016.....
In terms of Biosimilars the
question which comes in my mind is that will Pfizer keep the Biosimilar assets of the ongoing program of Allergan and Amgen ABP 215 (avastin Biosmilar) for NSCLC and ABP 980 (Transtuzumab biosimilar) into its
own portfolio as its own pipeline PIII studies will be concluded in the
later part.
Also analyst belief that Pfizer
will be in acquisition spree again and the target will be companies
with attractive assets which may include Shire,
Biogen, Regeneron and AbbVie. I believe that Pfizer may go ahead at
the earliest for Biogen or Regeneron. In terms of
biopharma/biosimilar prescriptive Biogen may be the next best deal for the
company.
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