Biotech Industry Merger and Acquisition Activity at a Four-Year High
August 28 2012 - 7:20AM
Marketwired
Biotechnology stocks continue to be some of the strongest
performers in the markets as favorable legislation, such as the
FAST and TREAT acts, have helped boost investor optimism within the
industry. The iShares Nasdaq Biotechnology Index Fund (IBB) is up
over 30 percent in 2012 -- handedly outperforming the Dow Jones
industrial average year-to-date. Five Star Equities examines the
outlook for companies in the Biotech Industry and provides equity
research on Oncothyreon Inc. (NASDAQ: ONTY) and Aastrom
Biosciences, Inc. (NASDAQ: ASTM).
Access to the full company reports can be found at:
www.FiveStarEquities.com/ONTY
www.FiveStarEquities.com/ASTM
The FAST and TREAT acts introduced in 2012 have helped
accelerate the development, review and approval process of
medicines/personalized therapies for patients suffering from
serious and life-threatening diseases. According to recent data
from Thomas Reuters, biotech mergers & acquisitions activity is
currently at a four-year high as large pharmaceuticals are facing
major patent cliffs. So far in 2012 the volume of biotech M&A
has exceeded $25 billion, compared to roughly 10 billion in the
same period of 2011.
"Their patents have expired, and as a result they have holes in
their revenue line they are trying to fill," said Scott Lindsay,
global head of mergers and acquisitions at Credit Suisse. "The
other part is just shoring up the pipeline they have. So even if
they don't have a major patent problem, they're all looking for
growth."
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Oncothyreon is a biotechnology company specializing in the
development of innovative therapeutic products for the treatment of
cancer. Oncothyreon's goal is to develop and commercialize novel
synthetic vaccines and targeted small molecules that have the
potential to improve the lives and outcomes of cancer patients.
Shares of the company surged last Friday after it was given a buy
rating from Stifel Nicolaus.
Aastrom Biosciences is the leader in developing
patient-specific, expanded multicellular therapies for use in the
treatment of patients with severe, chronic cardiovascular diseases.
The company's proprietary cell-processing technology enables the
manufacture of ixmyelocel-T, a patient-specific multicellular
therapy expanded from a patient's own bone marrow and delivered
directly to damaged tissues.
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