Strategic Investor - JV7 Sep 2020 18:42
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Blackstone recently bought into Reata for $350m to advance their Nrf2 activatior pipeline, and so plenty of reasons why Blackstone or another would be interested in Evgen and SFX-01's panacea potential, including SFX-01's non pharma potential that Blackstone now appears to be interested in buying Takeda consumer healthcare business...and surely not too much longer to find out, and still every chance that a strategic investor JV commercial partner is waiting in the wings which would explain the time it's taking to announce a new CEO...Gla ;-)
Blackstone Group Inc. (NYSE: BX) is buying Takeda Pharmaceutical Co.'s Japanese consumer healthcare business for 242 billion yen ($2.3 billion). The PE firm plans to take the over-the-counter medication unit public in about five years, reports Bloomberg News. For the drugmaker, the sale represents another piece of its plan to dispose $10 billion in assets after its $62 billion mega-acquisition of Shire Plc last year. Blackstone aims to invest 50 billion yen into the business, with a goal of exiting the investment in about five years by taking the company public, says Atsuhiko Sakamoto, a senior managing director at Blackstone, in an interview with Bloomberg. Blackstone is flush with cash as investors continue to bet big on the firm amid the uncertainty caused by the Covid-19 pandemic. Many of the firm’s recent investments have been in growth companies and businesses likely to benefit from shifts in consumer behavior. It has spent more than $1 billion this year investing in drugs that target high cholesterol, kidney disease in children and devices for diabetes patients. Read the full story by Bloomberg: Blackstone buys Takeda's consumer healthcare unit for $2.3 billion.
Private equity investors aren’t the only ones announcing healthcare deals. Strategic buyers are rapidly snatching up targets focused on developers targeting a wide range of diseases, including the coronavirus, but not limited to it. Johnson & Johnson agreed to buy Momenta Pharmaceuticals Inc. for about $6.5 billion to expand in treatments for autoimmune diseases. Sanofi recently announced it is buying biotech company Principia Biopharma Inc., which develops treatments for multiple sclerosis and a range of autoimmune disorders, for $3.4 billion, as the French drugmaker pivots toward innovative therapies to spur growth. And AstraZeneca plc is forging ahead to become a global oncology powerhouse, even as it works on a vaccine for the coronavirus pandemic. The U.K. drugmaker paying as much as $6 billion to buy into Daiichi Sankyo Co.’s promising medicine for lung and breast cancer, the drugmakers’ second potential blockbuster oncology deal in two years. Read the full story: Covid pandemic fuels healthcare M&A, with recent deals from Johnson & Johnson, Sanofi, AstraZeneca and former KKR exec Jim Montazee.