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Stock impact report

Biogen: Don't expect any big acquisitions this year [Yahoo! Finance]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Company Research Source: Yahoo! Finance
“If something really extraordinary came along, I suppose we'd look at it,” Biogen CEO Chris Viehbacher said during an earnings call Wednesday. “But I don't think where we sit right now we'd be thinking about doing anything this year on an acquisition front, not certainly of any size.” That's not to say the company couldn't do a somewhat sizable transaction. It had close to $1.1 billion in cash and cash equivalents as of March 31, and records around $3 billion in income before taxes, interest and depreciation. Chief Financial Officer Michael McDonnell also noted how Biogen could easily take on more debt, giving it the capacity to spend $4 billion to $5 billion this year “for things that we might be really interested in.” Yet, Biogen executives said they're more focused on collaborations, licensing agreements or deals for early-stage drugs — all of which tend to be smaller than full company acquisitions. Viehbacher, who previously led the French pharmaceutical giant Sanofi thro Show less Read more
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