Why It Makes No 'Strategic Rationale' For Roche To Buy Tesaro [Investor's Business Daily]
TESARO (TSRO)
Last tesaro earnings: 11/1 04:05 pm
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Source: Investors Business Daily
Related news A rumored buyout of drugmaker Tesaro ( TSRO ) by Swiss drugmaker Roche ( RHHBY ) — which sent shares of Tesaro soaring Wednesday — makes little sense from a strategic standpoint, one analyst says. RBC analyst Kennen MacKay sees the combination as unlikely "given what we see as a lack of a compelling strategic rationale." Tesaro makes an ovarian cancer drug called Zejula, which competes against rival drugs from AstraZeneca ( AZN ) and Clovis Oncology ( CLVS ). MacKay notes Tesaro's 2018 guidance for Zejula sales is in trouble as rivalries grow in ovarian cancer drug sales. He expects Tesaro to lower its full-year outlook. That would make a potential acquirer hesitant, he said in a report to clients. Spanish website Intereconomia.com said late Tuesday that Roche is interested in acquiring Tesaro after it announced its plan to buy Foundation Medicine ( FMI ). The site reports Roche could announce the acquisition of Tesaro in the next few days. At the closing bell on the stoc
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