EKR Therapeutics and the sweet taste of “re-acquisition”
A few months ago, I wrote about the intriguing trend toward “re-launching” biotech startups that had been recently acquired by Big Pharma or Big Biotech — minus, of course, whatever promising drug candidates had prompted the acquisition in the first place. Now an entrepreneur has taken the logic one step further, having just re-acquired a drug from the troubled biotech that bought out his previous startup three years earlier.
EKR Therapeutics, a Cedar Knolls, N.J., specialty… Continue Reading
AstraZeneca ups the biotech ante
Now that AstraZeneca has made the bold — or impulsive — decision to snap up MedImmune for $15.6 billion in cash, one big question is whether the U.K. pharmaceutical giant has kicked Big Pharma’s appetite for biotech acquisitions into high gear.
The green-eyeshade types are generally still scratching their heads over the rich price, which amounted to a 21 percent premium over MedImmune’s close on Friday. The biotech was known primarily for Synagis, an antibody-based drug… Continue Reading