Big pharma, Insight journal - Dealtalk, M&A

Deal rumors surround Optimer: several big pharma interested in acquisition?

Posted on 03 April 2013

Tags: , , , , ,

Acquisition rumours fly as GlaxoSmithKline, Astellas Cubist and AstraZeneca said to be interested in Optimer Pharmaceuticals takeover.

Optimer Pharmaceuticals, the antibiotics maker that’s weighing a sale, drew interest from drugmakers including GlaxoSmithKline and Astellas Pharma, said two people familiar with the matter.

Shares gained the most in more than four years.

The maker of the antibiotic Dificid aims to fetch as much as $1 billion in a possible auction, said the people, who asked not to be named because the process is private.

Optimer also attracted interest from Cubist Pharmaceuticals and AstraZeneca, said one of the people.

Buying Optimer would enable the drugmakers to generate more revenue from hospitals, as Dificid, the company’s sole product on the market, treats a bacterium linked to intestinal infections in hospitalized patients. The drugmaker, based in Jersey City, New Jersey, also may prove attractive to peers that already distribute to medical facilities and could use existing distribution channels to reduce costs.

While Cubist is ending a sales agreement with Optimer and developing a competing drug, it may still need the antibiotic in its portfolio, said Marko Kozul, an analyst with Boston-based Leerink Swann & Co. “By the time the Cubist drug would even make it to market, were it to make it to market, Dificid would have multiple supplemental indications,” Kozul said in a telephone interview.

Read the full article at Bloomberg (link no longer available)



Read: more on GlaxoSmithKline, AstraZeneca, Astellas, Cubist, Optimer company profile, recent partnering, M&A and financing news and articles

Report: Partnering Deals and Alliances with Big Pharma

View: Current Partnering’s Partnering Scorecard – view top life science partnering deals by value

View: Current Partnering’s Deal Metrics – the latest deal trend infographics for life science deal making

View: Current Partnering’s Big Pharma Deal Making Scorecard – latest trends in big pharma deal making activity

Signup: Current Partnering Dealmakers Update – weekly newsletter providing the latest life science industry deal news, deal making trends, partnering events – sign up now

Signup: Current Agreements Deals Review – monthly newsletter - reviewing the previous month’s life science deal making – partnering, M&A and financing – sign up now

Subscribe: Current Agreements life sciences partnering, M&A and financing deals database – find out more

Follow us on: LinkedIn Current Partnering | LinkedIn Business Development Network | @Currentpartner on Twitter

Print Friendly, PDF & Email

Leave a Reply