The era of the biopharmaceutical mega-merger may be behind us, but with more than 25 acquisitions by the top 48 pharma companies so far in 2013, M&A remains high on the agenda. With many companies holding large cash reserves but facing slowing growth or sales decline, management teams make no secret of their search for bolt-on acquisitions. What is more difficult to determine is where to find value.
The appetite among investors for biotech stocks has driven up share prices of companies with promising pipelines. Yet forecasting sales of a clinical-stage drug is fraught with pitfalls. Different methodologies lead to wide variations in estimates even before considering the high risk inherent in the drug development process itself. Biopharmaceutical companies must balance numerous factors when determining the value of potential acquisitions, including cultural fit, long-term gains, and future market dynamics. In this report, we leverage Pharmaview data (with its unified forecasting methodology) and Decision Resources Group insight to evaluate companies that appear to hold strong potential at a reasonable price.
Markets covered: Global
Companies: top 48 in the industry ranked by annual ethical drug sales, and 117 with forecast product sales in the 2012-2019 period.
Forecast sales drawn from markets served by 1,700 drugs across 14 therapy areas, with a 7-year forecast window out to 2019.
Company SWOT and pipeline analyses and analysis of the competitive landscapes of relevant indications including cystic fibrosis, CML and NHL.