Large Pharmaceuticals Look to Acquire Smaller Biotech Companies to Drive Growth
April 20 2012 - 8:20AM
Marketwired
Mergers and Acquisitions have been a hot topic in the Biotechnology
Industry recently. According to a recent report by Dealogic,
pharmaceutical deals totaled $18.5 billion globally this year, an
increase of 5% from the same period last year. The Paragon Report
examines investing opportunities in the Biotechnology Industry and
provides equity research on Illumina, Inc. (NASDAQ: ILMN) and
Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN).
Access to full reports can be found at:
www.ParagonReport.com/ILMN www.ParagonReport.com/AMLN
As larger companies reduce spending on research and development
they are looking at smaller biotech companies to diversify their
product lines. M&A allows bigger companies to acquire products
and technology that are already proven in the market place,
avoiding the many risks associated with research and
development.
On Thursday Biotechnology Company Human Genome Sciences rejected
a $2.59 billion takeover bid from GlaxoSmithKline. The announcement
comes just a day after Swiss pharmaceutical company Roche announced
that it was abandoning its bid for U.S. biotech firm Illumina.
Paragon Report releases regular market updates on the
Biotechnology Industry so investors can stay ahead of the crowd and
make the best investment decisions to maximize their returns. Take
a few minutes to register with us free at www.ParagonReport.com and
get exclusive access to our numerous stock reports and industry
newsletters.
Illumina, Inc. announced that it will issue results for first
quarter 2012 following the close of market on Monday, April 23,
2012. On the same day, at 2:00pm Pacific Time (5:00pm Eastern Time)
Jay Flatley, President and Chief Executive Officer; Christian
Henry, Senior Vice President and General Manager, Genomic
Solutions; and Marc Stapley, Senior Vice President and Chief
Financial Officer, will host a conference call with analysts,
investors, and other interested parties to discuss financial and
operating results.
Amylin Pharmaceuticals, Inc. will webcast its Quarterly Update
Conference Call for the first quarter of 2012 on Thursday, April
26, 2012 at 8:30 a.m. ET/5:30 a.m. PT. Daniel M. Bradbury, Amylin's
president and chief executive officer, will lead the call. On the
same date pre-market, Amylin will release financial results for the
first quarter of 2012.
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The Paragon Report has not been compensated by any of the
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