Merck & Co Inc.NYSE
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  • Tue, Sep. 20, 4:59 PM
    • Clovis (NASDAQ:CLVS) has always been considered an acquisition target with a “long list” of potential suitors including Eli Lilly (NYSE:LLY), Merck & Co. (NYSE:MRK) , and Roche, Janney tells Bloomberg in an interview.
    • CEO Patrick Mahaffy has sold other companies including Pharmion, NeXstar Pharmaceuticals.
    • Clovis closed +12.7% and is up another 7.7% AH. Earlier today the stock jumped when Gilead (NASDAQ:GILD) said it is looking for cancer deals.
    • Clovis's PDUFA date  for ovarian cancer drug rucaparib is Feb. 23, 2017.
    | Tue, Sep. 20, 4:59 PM | 19 Comments
  • Sun, Aug. 21, 6:39 PM
    • Pfizer (NYSE:PFE) is close to a $14B deal to acquire cancer drugmaker Medivation (NASDAQ:MDVN), FT says.
    • The price is about 1/3 higher than Medivation's closing price on Friday.
    • Pfizer would be beating out rivals including Celgene (NASDAQ:CELG), Gilead (NASDAQ:GILD), Sanofi (NYSE:SNY), Merck (NYSE:MRK) and AstraZeneca (NYSE:AZN), who have been pursuing Medivation for months.
    • Medivation has already rejected two "inadequate" bids from Sanofi, the last for $11B ($58/share).
    • Shares of Medivation have more than doubled in the last six months.
    • Medivation makes the leading prostate cancer drug, Xtandi, which is expected to generate $5.7B in annual revenue by 2020.It is also developing an experimental drug called Talazoparib, which is designed to stop tumor cells from multiplying by damaging their DNA.
    • Update: It's official. Pfizer will acquire Medivation for $81.50 a share (~$14B). The deal will be immediately accretive to Pfizer's non-GAAP EPS, adding ~$0.05 in the first full year after the transaction closes, expected by Q4. Its 2016 guidance will be unaffected. The deal will be financed with existing cash. Pfizer will host a conference call this morning at 9:00 am ET to discuss the acquisition.
    | Sun, Aug. 21, 6:39 PM | 92 Comments
  • Wed, Aug. 17, 1:30 PM
    • In-play Medivation (MDVN +2.1%) perks up on modestly higher volume on the news that Merck (MRK -0.3%) has joined Sanofi (SNY -0.5%), Celgene (CELG +0.3%), Gilead Sciences (GILD +1.7%), Pfizer (PFE +0.6%) and AstraZeneca (AZN -0.2%) as potential acquirers.
    • Medivation has already rejected two "inadequate" bids from Sanofi, the last for $11B ($58/share).
    | Wed, Aug. 17, 1:30 PM | 36 Comments
  • Wed, Aug. 3, 12:17 PM
    • The report from David Faber echoes one from the network's Meg Tiffell last night, but perhaps with more conviction.
    • As for Merck (MRK -1.4%) - also rumored to have interest in Biogen (NASDAQ:BIIB) - Faber has nothing new to report.
    • Biogen is lower by 4% today, but remains about 5% higher than the price it was at prior to yesterday's WSJ report of buyout interest.
    • Allergan (AGN +1.7%)
    | Wed, Aug. 3, 12:17 PM | 13 Comments
  • Tue, Aug. 2, 2:46 PM
    • Biogen (NASDAQ:BIIB) has jumped 5.6% into a trading halt as chatter centers on a potential takeout from Allergan (NYSE:AGN) or Merck (NYSE:MRK).
    • IShares Nasdaq Biotech index (NASDAQ:IBB) jumped from the red to a 0.8% gain.
    • Biogen might not go for a deal, but the two suitors have tested the waters, the WSJ reports.
    • The company's worth more than $68B, setting up what could be the sector's next blockbuster deal.
    • Updated 2:51 p.m.: Back on the move, Biogen is now up 7.3%.
    | Tue, Aug. 2, 2:46 PM | 46 Comments
  • Fri, Jun. 10, 3:49 AM
    • Merck (NYSE:MRK) has agreed to purchase Afferent Pharmaceuticals, a California-based biotech company that focuses on creating treatments for "neurogenic conditions."
    • The deal will include an upfront payment of $500M and milestones of up to $750M.
    • Afferent's medicine furthest along in development, known as AF-219, is in mid-stage human testing for treating coughs lasting more than eight weeks that don't respond to existing treatments.
    | Fri, Jun. 10, 3:49 AM
  • Mon, Jan. 11, 4:27 PM
    • Merck (NYSE:MRK) acquires Edinburgh, UK-based IOmet, a privately held drug discovery firm focused on oncology, specifically cancer immunotherapy and cancer metabolism. Financial terms are not disclosed.
    | Mon, Jan. 11, 4:27 PM | 1 Comment
  • Dec. 18, 2015, 10:31 AM
    • M&A rumors are active this morning with the latest being Stryker (SYK -1%) eyeing Smith & Nephew (SNN +3.5%).
    • Unsurprisingly, Merck (MRK -1.1%) continues to eye Relypsa (RLYP +0.9%).
    • Previously: Relypsa up 17% on rumored Merck interest (Dec. 4)
    • Update: Sources say the Stryker will pay ~$18B for SNN. A deal could be announced as early as next week.
    | Dec. 18, 2015, 10:31 AM | 23 Comments
  • Dec. 4, 2015, 12:01 PM
    | Dec. 4, 2015, 12:01 PM | 33 Comments
  • Nov. 13, 2015, 6:52 AM
    • Merck's (NYSE:MRK) Animal Health unit acquires privately held Harrisvaccines for an undisclosed sum. The Ames, IA-based firm develops and commercializes vaccines for food production and companion animals based on its proprietary RNA Particle technology and its versatile production platform that enables it to target a wide range of viruses and bacteria.
    | Nov. 13, 2015, 6:52 AM | 1 Comment
  • Nov. 4, 2015, 12:48 PM
    • Johnson & Johnson (JNJ) acquires privately held Novira Therapeutics, a clinical stage biopharmaceutical firm developing therapies to cure chronic hepatitis B infection within one year of treatment, for an undisclosed sum. The transaction should close this quarter.
    • Novira's lead product candidate is NVR 3-778, a orally available, small molecule, direct-acting antiviral that inhibits the HBV core or capsid protein. HBV core is an attractive drug target since it is plays a key role in viral replication and survival. NVR 3-778 disrupts the HBV life cycle by inducing the assembly of defective capsids. According to the company, its inhibitors, when used in combination with current standard-of-care drugs (nucleosides and interferon), should deliver greater and faster suppression of viral DNA and new virus production.
    • Selected HBV-related tickers: (ARWR +2.1%)(GILD -1%)(CTRV -3.2%)(ABUS +2.6%)(DVAX -1.8%)(MRK +0.7%)(SNY -0.8%)(GSK +0.1%)(ISIS +2.1%)(ALNY +3.1%)(BMY -0.6%)
    | Nov. 4, 2015, 12:48 PM | 11 Comments
  • May 29, 2015, 12:19 PM
    • Bayer's (OTCPK:BAYRY) (OTCPK:BAYZF) current #5 rank in the global animal health market could change once it divests its low margin plastics business either via an IPO or direct sale, possibly to a private equity firm. Analysts believe the unit could fetch as much as 11B euros ($12.1B).
    • CEO Marijn Dekkers says animal health is a "very attractive business for us. We've always looked with interest in it. It hasn't happened with us yet."
    • The top acquisition target would be Zoetis (ZTS +0.8%) which generated $4.8B in sales in 2014. Bayer will probably have competition, though. Valeant Pharmaceuticals (VRX -1.7%) and Merck (MRK +0.2%) have been mentioned as likely suitors.
    | May 29, 2015, 12:19 PM | 6 Comments
  • Jan. 21, 2015, 8:53 AM
    • Merck (NYSE:MRK) completes its acquisition of Cubist Pharmaceuticals (NASDAQ:CBST) for $102 per share. Over 58M CBST shares were tendered as of yesterday's expiration date representing 75.7% of Cubist's common stock.
    | Jan. 21, 2015, 8:53 AM
  • Dec. 18, 2014, 8:23 AM
    • Merck (NYSE:MRK) acquires privately-held Lausanne, Switzerland-based Oncoethix for an upfront payment of $110M and up to an additional $265M in clinical and regulatory milestones.
    • Oncoethix's lead product is OTX015, a BET bromodomain inhibitor (2,3,4) currently in Phase 1b development for the treatment of hematological malignancies and advanced solid tumors.
    • Bromodomain proteins 2,3 and 4 are considered potential cancer targets because of their pivotal role in regulating the transcription of growth-promoting genes and cell cycle regulators. In experimental models, the inhibition of BRD2/3/4 produced a potent antiproliferative effect associated with cell cycle arrest and cellular senescence.
    | Dec. 18, 2014, 8:23 AM
  • Dec. 16, 2014, 1:55 AM
    • Merck (NYSE:MRK) is approaching banks about an $8B, 364-day bridge loan to fund its acquisition of Cubist Pharmaceuticals (NASDAQ:CBST).
    • JP Morgan and Deutsche Bank are leading the deal.
    • Merck announced that it would buy Cubist on Dec. 8 for $9.5B.
    | Dec. 16, 2014, 1:55 AM | 3 Comments
  • Dec. 8, 2014, 7:20 AM
    | Dec. 8, 2014, 7:20 AM | 4 Comments