Mid-sized companies are making money moves in the mergers and acquisitions (M&A) space. 🤑
Usually, large cap pharma companies order smaller pharmas for takeout— take Gilead’s deal to buy Immunomedics. Gilead dropped over $21B. Large caps are slowing down on big deals, though.
Companies like Jazz Pharmaceuticals, Horizon Therapeutics, and MorphoSys are starting to play. 😈 Mid caps made over $13B in M&A deals this year. That’s roughly on-par with large caps’ expenditures over the same period.
Why, you ask? M&A ensures pharmas have products to sell. 💸 And if the deal flow is any indication, mid-sized pharma aspires for growth to make them more than mid-sized…