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US Pharma Mergers and Acquisitions in 3Q17

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Oct. 17 2017, Published 2:56 p.m. ET

US pharmaceuticals  

The US pharmaceutical sector consists of different setups pertaining to development, manufacturing or production, and drug marketing. These setups consist of drug manufacturers, drug marketers, and biotechnology companies.

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Mergers and acquisitions in 3Q17

Mergers and acquisitions in the US pharmaceuticals during the third quarter of 2017 included the following:

  • On October 3, Gilead Sciences (GILD) announced that Dodgers Merger Sub, a wholly-owned subsidiary of Gilead Sciences, completed the acquisition of Kite Therapeutics (KITE) for ~$11.9 billion.
  • On October 3, Abbott Laboratories (ABT) completed the acquisition of Alere.
  • On October 2, Johnson & Johnson (JNJ) announced that it had completed the divestiture of its Codman Neurosurgery business, a Johnson & Johnson subsidiary, to Integra Life Sciences Holding for ~$1.04 billion.
  • On September 7, Bristol-Myers Squibb (BMY) announced that the company had completed the acquisition of IFM Therapeutics, a Massachusetts-based, privately held biopharmaceutical company.
  • On August 28, Sanofi (SNY) announced that the company had completed the acquisition of Protein Sciences, a Connecticut-based biotechnology company, into its vaccines business.
  • On July 31, Zoetis (ZTS) announced that it had completed the acquisition of Nexvet BioPharma. The deal size was ~$85 million.

Notably, the PowerShares Dynamic Pharmaceuticals ETF (PJP) has 5.3% of its total assets in Gilead Sciences (GILD), 4.7% of its total assets in Johnson & Johnson (JNJ), and 5.0% of its total assets in Bristol-Myers Squibb (BMY).

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