M&A is 'lifeblood' of biopharma: Analyst on Sanofi-Blueprint deal
The American Society of Clinical Oncology (ASCO) is kicking off its annual meeting in Chicago this week, with all eyes on the latest developments and acquisition deals in the pharmaceutical space.
Sanofi (SNY, SAN.PA) is set to buy Blueprint Medicines (BPMC) for over $9 billion, while Bristol-Myers Squibb (BMY) plans to license a cancer drug from BioNTech (BNTX).
BMO Capital Markets managing director of biopharma equity research Evan Seigerman comments on the M&A activity and regulatory oversight in the biopharma space.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
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