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Big Pharma have resumed their shopping

2020-09-07T18:21:48.879Z


Despite the Covid-19, they have increased partnerships and acquisitions of biotechs to strengthen their portfolio.


Business is picking up in the pharmaceutical industry.

The American laboratory Abbvie announced at the end of last week that it would spend $ 2 billion to get its hands on an anticancer drug from a Chinese biotech, I-Mab, listed on the Nasdaq.

This is an immunotherapy treatment that Abbvie will develop and market outside of China.

This operation is a continuation of another partnership, established last June in oncology, with the Danish biotech Genmab.

In mid-August, Sanofi bought the American biotech Principia Biopharma for 3.7 billion dollars.

An acquisition that allows him to strengthen in autoimmune diseases and allergies.

Two days later, Johnson & Johnson was spending almost twice as much ($ 6.5 billion) to afford Momenta Pharmaceuticals, signing the industry's biggest deal of the year to date.

This Cambridge (Massachusetts) -based biotech also specializes in autoimmune diseases.

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Source: lefigaro

All business articles on 2020-09-07

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