Volume 95 Issue 3 | p. 9 | News of The Week
Issue Date: January 16, 2017 | Web Date: January 12, 2017

Healthcare conference brings deal deluge

But industry optimism is tempered by Trump comments on drug pricing
Department: Business
Keywords: pharmaceuticals, mergers & acquisitions, biotech, Allergan, cancer, JPMorgan

As has become traditional, the annual J.P. Morgan Healthcare Conference kicked off in San Francisco last week with a flurry of pharmaceutical deal-making. But the party was interrupted two days later when President-elect Donald Trump unexpectedly slammed the industry.

The biggest deal of the week was Takeda Pharmaceuticals’ $5.2 billion purchase of cancer drug developer Ariad Pharmaceuticals. Takeda gains the rights to Iclusig, already approved to treat two types of blood cancer, and brigatinib, an . . .

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Chemical & Engineering News
ISSN 0009-2347
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