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BTG Has The Firepower For Its Next Steps In Interventional Med

 
• By Ashley Yeo

UK-listed BTG PLC shares the UK life science industry's concerns about long-term negative fallout from Brexit, but it finds itself in a relatively comfortable position. The acquisitive interventional medicines company says it has plenty of firepower for more M&A.

Among those watching the slow motion tumble in the value of sterling as the UK government feels its way through the economic darkness it has created for itself, UK-listed BTG PLC finds itself in a relatively comfortable position. The acquisitive interventional medicines (IM) company is currently recording 90% of its sales in US dollars, and has moved its full-year 2016–17 sales guidance up by £25 million ($31 million), simply as a result of the Brexit-induced currency translation effect.

BTG's guidance was originally set at $1.45, which it then lowered to $1.30 and most recently set at $1.25. The...

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