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).


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AFFY 21.06

+0.00 +0.00%
Volume: 70,703
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ARQL 3.45

+0.00 +0.00%
Volume: 107,150
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BMRN 16.46

+0.00 +0.00%
Volume: 373,181
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BMY 25.38

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Volume: 9,785,090
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ENCY 2.35

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IMCL 69.99

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Volume: 853,172
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ISIS 11.00

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Volume: 393,929
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KOSN 5.63

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MDVN 30.49

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Volume: 164,842
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MLNM 24.97

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ONXX 28.19

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Volume: 232,992
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OSIP 33.11

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Volume: 179,111
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REGN 18.09

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Volume: 205,165
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REST 1.59

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Volume: 0
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SIRT 22.50

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Volume: 0
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