In this issue, we present another installment of our quarterly review of device/diagnostics dealmaking – for the first quarter of 2011. Our data come from Elsevier's Strategic Transactions.
Amanda Micklus and Maureen Riordan
Medical Device and In Vitro Diagnostics/Research Deals Statistics Quarterly, Q1 2011
For the first three months of 2011, medical device companies raised $733 million, with venture rounds bringing in $494 million. Two-thirds of the $3.9 billion in M&A activity came from Terumo's monstrous $2.6 billion cash takeover of US blood processing equipment maker CaridianBCT Holding. Buoyed by Opko Health's $105 million follow-on, the FOPO category represented almost half of the first quarter's in vitro diagnostics/research $370 million total. The stand-out IVD acquisition was Danaher's $6.8 billion takeover of publicly traded Beckman Coulter.
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