Pfizer Acquisition20 May 2022 00:13
Just reading this article about Pfizer acquiring Biohaven Pharma for $11.6Bn.
https://www.ft.com/content/ea9bb9bc-b5ec-4278-ab42-1f5f14a1a76f
A week or so old news now, but the following stood out:
Evan Seigerman, analyst at BMO Capital Markets, said the acquisition was a good fit for Pfizer and provided potential cost synergies.
“Nurtec checked five of six key criteria for Pfizer in picking an asset to acquire, including: high complement to the portfolio, high level of clinical de-risking, high commercial potential, low infrastructure requirements, and low FTC [antitrust] risk,” he said.
However, Seigerman said Pfizer investors were likely to push for more deals and that the company still had had almost $200bn in firepower.
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I wonder how many of the 6 criteria SNG001 ticks (or could potentially tick)?
Also, good to know that Pfizer aren't running short of cash and have plenty of "firepower" for more deals :-)
DYOR & GLA