Following Today's Kosan (KOSN) Buyout, Investors Look for Next Biotech Deal

May 29, 2008 2:52 PM EDT

Following today's buyout of small biotech Kosan Biosciences, Inc. (NASDAQ: KOSN) by Bristol-Myers Squibb (NYSE: BMY) at a 200%+ premium, investors are on the lookout for the next biotech deal.

Today's deal follows other recent biotech takeovers including Millennium Pharmaceuticals (NASDAQ: MLNM), Sirtris Pharmaceuticals (Nasdaq: SIRT), Encysive Pharmaceuticals Inc. (Nasdaq: ENCY), and Restore Medical, Inc. (NASDAQ: REST).

Here are some biotech companies that could be next to be acquired: Onyx Pharmaceuticals (NASDAQ: ONXX), OSI Pharmaceuticals (NASDAQ: OSIP), ImClone (NASDAQ: IMCL), ISIS Pharmaceuticals (NASDAQ: ISIS), BioMarin Pharmaceutical (NASDAQ: BMRN), ArQule (NASDAQ: ARQL), Regeneron (NASDAQ: REGN), Affymax (NASDAQ: AFFY), Medivation (NASDAQ: MDVN).


Related Categories

Insiders' Blog
Rumors

Stocks Mentioned

AFFY 13.27

+0.00 +0.00%
Volume: 36,388
Track AFFY

ARQL 2.57

+0.00 +0.00%
Volume: 478,276
Track ARQL

BMRN 14.48

+0.00 +0.00%
Volume: 2,230,020
Track BMRN

BMY 20.27

+0.00 +0.00%
Volume: 24,083,170
Track BMY

ENCY 2.35

+0.00 +0.00%
Volume: 0
Track ENCY

IMCL 69.84

+0.00 +0.00%
Volume: 1,844,644
Track IMCL

ISIS 12.03

+0.00 +0.00%
Volume: 1,168,312
Track ISIS

KOSN 5.63

+0.00 +0.00%
Volume: 0
Track KOSN

MDVN 13.98

+0.00 +0.00%
Volume: 161,784
Track MDVN

MLNM 24.97

+0.00 +0.00%
Volume: 0
Track MLNM

ONXX 26.64

+0.00 +0.00%
Volume: 642,755
Track ONXX

OSIP 36.63

+0.00 +0.00%
Volume: 3,326,488
Track OSIP

REGN 15.66

+0.00 +0.00%
Volume: 445,858
Track REGN

REST 1.59

+0.00 +0.00%
Volume: 0
Track REST

SIRT 22.50

+0.00 +0.00%
Volume: 0
Track SIRT


Add Your Comment