On Tuesday, Pfizer has announced its intention to acquire Biohaven Pharmaceuticals, agreeing to pay USD 148.5 per share in cash, which equals to a whopping price tag of USD 11.6bn, a company press release reports.
Pfizer became a household name during the pandemic, when the firm, alongside German Biontech, developed a vaccine against Covid-19.
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In 2015, Genmab partnered with relatively unknown biotech firm Biontech. Reflecting on how far Genmab has come since, CEO Jan van de Winkel is still confident that partnerships, rather than acquisitions, are the way forward. If it had acquired Biontech at the time, the CEO speculates Genmab may have put a stop to other activities – including the Covid-19 vaccine efforts that went on to save millions of lives. This and fairness are worth remembering as biotech firms are increasingly strapped for cash, van de Winkel reflects.