Came across this on IMU thread. Acknowledgement to @cashisking
Backs up my thesis that big pharma are coming for all the tasty little morsels in the biotech world.
STIFEL INVESTMENT BANKING HEALTHCARE REPORT JULY 2023
"We count $655 billion of comfortable M&A firepower at big pharma today – up substantially in recent years. If one looks at “stretch firepower” there is well over $1 trillion in buying power available today."
The following graphic taken from page 104 of the report identifies Roche and Merck in the top 4 with M&A firepower of $62B and $47B respectively.
PTX Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
