AZ bid for Medivation

April 28, 2016

FOLLOWING a rebuffed bid by pharmaceutical giant Sanofi to acquire oncology biotech company Medivation, AstraZeneca (AZ) is now being linked to a $10 billion bid, according to a report by FierceBiotech. Blockbuster prostate cancer drug Xtandi (also sold by Astellas) is the jewel attracting all the attention in Medivation which is consequently said to be valued at up to $8.7 billion, according to sources speaking with the UK newspaper Sunday Times. While Sanofi may be going “hostile” according to Reuters, AZ may prove to be a white knight, providing it can outbid other rumoured oncology-oriented suitors such as Roche, Amgen or Gilead.

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Pharmacy Daily | AZ bid for Medivation

AZ bid for Medivation

Other recent headlines

PD breaking news – Queensland pharmacies scope of practice pilot expanded

Commbank to help navigate ownership

Littleproud visits Orana Mall

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES