Understanding the Impact of a Sanofi-Aventis/Genzyme Merger: PharmaLive Special Report
NEWTOWN, Pa., January 28, 2011 - The Paris-based pharma behemoth, Sanofi-Aventis, lead the second-largest health-care acquisition of 2010 with its proposed purchase of Genzyme Corp., one of the world’s leading biotech players. The European Union has recently announced its approval for the proposed $18.5 billion deal, however, the deal has been held up as Genzyme considers the $69 per share offer as too low. Industry insiders speculate that this deal will soon be worked out.
Product diversification remains a significant growth strategy in the pharma world as demonstrated by 2010’s largest healthcare M&A transaction, Novartis AG’s acquisition of Alcon Inc. For a total of $51.6 billion, Novartis will merge Alcon into its fold and become the premiere player in the worldwide eye-health arena.
Alcon and Novartis have attractive worldwide eye-care activities, each offering their own competitive positions in highly complementary segments that combined cover more than 70% of the global vision-care market. Aligning these strengths will create an offering of even more compelling products for patients around the globe. According to Novartis, the new eye-care division will have enhanced opportunities to accelerate expansion in high-growth regions, generate greater value from combined product portfolios, and capitalize on strengthened R&D capabilities.
The merger is anticipated to be finalized during first-half 2011. Implementation is expected to take six months from the closing of the merger. Following the completed merger, Alcon will be the new eye-care division of Novartis. The business will include CIBA Vision and ophthalmic medicines.
Boston Scientific continues to show commitment in providing the broadest portfolio of less-invasive devices for cardiovascular care. Boston Scientific recently acquired Atritech, a privately held company based in Plymouth, Minn. This deal is centered around Atritech's newest product, a device designed to close the left atrial appendage in patients with atrial fibrillation who are at risk for ischemic stroke. The $375 million deal is anticipated to be completed in the first quarter of 2011.
More information is available in Mergers & Acquisitions, Partnerships, & Collaborations Review & Outlook, available at www.pharmalive.com/special_reports
For additional information, contact Sandra Baker at +1-215-944-9836 or Sandra.Baker@ubm.com.
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Posted: January 2011