Pharma raises its bet on biotech

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4 • 400 Ratings

🗓️ 15 January 2019

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the past month pharmaceutical companies have spent almost $100bn acquiring biotech companies. The FT's Sarah Neville explains why big pharma is raising its bet on the drug pipelines owned by biotechs, and why analysts expect more consolidation in 2019.

Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.0	AI and take action today. We're just 15 days into January, and the pharmaceutical industry has already struck
0:39.2	a hundred billion dollars in deals. Some of the industry's biggest companies are spending serious money to scoop up biotech companies at the forefront of research on treatments and in some cases cures.
0:59.0	Glaxo Smith Klein is buying Tissarro for $75 a share in cash. A oil company?
1:00.0	No, the US cancer drug developer to Sorrow.
1:02.8	Liz, this is a major news that
1:04.2	personal Myers Squib is acquiring cell gene this morning.
1:06.7	Eli Lilly is announcing a deal to acquire Loxo oncology for $8 billion in cash and $235 a share.
1:17.3	This is behind the money with the Financial Times.
1:19.4	I'm Amy Keene.
1:20.5	Today on the show, why 2019 is the year Big Pharma raises its bed on biotech.
	...

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