RE: Last day of Conference16 Jan 2025 21:37
Imagine a deal with roche..
Every year, Roche sets aside around $10 billion for potential M&A deals, but CEO Teresa Graham revealed at JPM25 that the pharma is selective in how and whether it spends this money, Fierce Biotech reported on Tuesday.
This fiscal control was in full display last year, Richard Vosser, analyst at J.P. Morgan, pointed out during the Q&A session of Roche’s presentation, according to Fierce. Some of the pharma’s recent deals include its $900 million partnership with COUR Pharmaceuticals last month and potential $1.8 billion contract with Flare Therapeutics in November 2024. Most prominent is Roche’s $1.5 billion acquisition of Poseida Therapeutics, also in November.
Still, Graham maintained that the pharma has the capacity—and willingness—to make big-ticket acquisitions “if and when we find transformative assets that are either complementary to our portfolio” or “change the game in important diseases.”