Biopharma companies raised $3.6 billion in Q1, with almost two-thirds coming from debt sales or follow-on public offerings. Seven of the 19 finalized mergers topped $500 million, but the biggest news was Valeant's attempt to takeover Cephalon. Lilly and BI signed the biggest deal of the quarter when they pooled their diabetes assets in an alliance worth $2.4 billion.
In this issue, we present another installment of our quarterly
review of pharmaceutical/biotechnology dealmaking – for the
first quarter of 2011. Our data come from Elsevier's Strategic
Transactions.
by Amanda Micklus, Maureen Riordan and Theresa Surprenant