Thursday 4 June 2015

Roche back in the market for deals, according to dealReporter; no comment re BioMarin and PTC Therapeutics

Avid followers of the dealmaking frenzy in the pharmaceutical sector might want to take a look at piece on Roche Holding published a few days ago by dealReporter.

The "intelligence" service got some good quotes from Roche chief financial officer Alan Hippe, who told dealReporter that the Swiss pharmaceutical giant is still/back in the market for acquisitions in areas that don't overlap with existing drug development plans/pipelines.

For readers that don't recall, Roche bought US-based InterMune last year (following several stories from little old Betaville) for around $8 billion.

Mr Hippe, though, told dealReporter on the sidelines of the Jefferies 2015 Global Healthcare conference that "when we have an opportunity to build our pipeline (through acquisitions), I think that [acqusitions] is something that we take a look at".

The reporter at dealReporter then tries to get Mr Hippe to comment on whether Roche would be interested in purchasing BioMarin or PTC Therapeutics but unsurprisingly the CFO declines to provide any comment.

And so it goes on...


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