Share price27 Apr 2022 13:11
Ref M&A, companies like Avacta will and are attracting the attention from some of the majors like Novartis, as they recognise the groundbreaking advancements being made by companies like Avacta in their Therapeutics division,Gene therapy etc.
Novartis’ CEO during yesterday’s Q1 2022 Results-Earnings Call transcript:
So we continue to look. Our focus remains, as I've guided in recent quarters, into the sub $2 billion space to see if there are attractive methods. And when there are good deals out there, we're, of course, looking to do them. I do think over the course of this year as well, expectations amongst sellers, so to speak, will adjust. And there may be more openness to think about how partnerships and M&A and business development could be conducted. So there could be more activity certainly in the sector second half of the year. And we'll, of course, be doing our part to diligently keep screening and see what's out there that could be attractive. Thanks, Kerry. Next, question, operator.