CEO Severin Schwan tells Reuters that the Swiss firm will be looking for small acquisitions and partnerships.
The deal includes a $1.6-billion fee if AbbVie tries to walk away.
Shire and AbbVie's courtship has entered round five. A deal would offer AbbVie tax relief, and possibly make it an acquisition target.
NuPathe decided Teva's $144-million offer was a better fit, ending its possible Endo merger.
Novartis prepares for a strategic review that hints at scuttling lesser-performing businesses; Regeneron's Eylea sales prompt expansion; Pfizer targets diabetes and obesity; and the FDA approves an MS stem cell trial
Perrigo sweeps Elan off its feet for $8.6 billion, and Valeant is slashing 2,700 jobs.
Over the weekend, Publicis Omnicom vaulted past WPP to become the world's biggest ad holding company. The task now falls on its co-CEOs to sort out any conflicts and prevent defections.
Why executives evaluating biotech acquisitions shouldn't overlook the cultural dimension: A new paper finds a link to revenue performance.
Driven by consolidation in the healthcare industry, J&J is reuniting Ethicon, Inc. and Ethicon Endo-Surgery to present surgeons and health systems with a single face.
Having finally accepted that external R&D is the future, big pharmas are snapping up earlier-stage biotechs and biologics, but they're not betting the farm on them, thanks to pre-nup-like earnout deals.
An agency bellwether, PHCG is hoping to return to growth after a tame 2012, its CEO said this week.
The Pfizer chief told investors that the company will provide "transparency" on its new and established products businesses, with a view toward a possible Abbott-esque spinoff down the road
LifeScan's new glucose monitor gets an FDA green light; Havas Health merges two London shops and refreshes H4B branding
Former Pfizer chieftain Hank McKinnell is taking the reins at stock scandal-plagued Optimer—perchance to sell it to Pfizer?
InVentiv is merging two of its digital agencies into two full-service shops: GSW, Fueled by Blue Diesel and Ignite + Palio.
Healthcare PR giant Dan Edelman dies; Pfizer says 'no comment' on breakup speculation; Publicis Healthcare snags a new SVP; Lippincott gives nurses a new drug diagnosis tool.
Pfizer and at least two other pharmas are spreading pink slips instead of cheer
Havas is merging two digital shops, Euro RSCG Life 4D and Creative Lynx, to form Havas Lynx, a transatlantic full service group that will serve as a mini-network alongside Havas Life and Health4Brands.
Draftfcb Healthcare has bought Tarrytown, NY-based drug marketing shop Hudson Global. The eight-year-old agency will continue to operate out of Tarrytown under its own name and will be led by cofounders CEO/president Robert Blink and EVP Jason Goldklang.
Valeant's acquisition of derm specialist Medicis puts fillers Restylane, Dysport and Perlane under the same roof as OTC skincare line CeraVe.
Publicis is uniting two of its digital agencies as it seeks to keep the pure-play "e" units competitive.
WorldOne has acquired Sermo, adding the physician social network's 130,000-strong physician community to its own global network of 1.7 million healthcare professionals.
GlaxoSmithKline is buying Human Genome Sciences for $3.6 billion, giving it full ownership of Benlysta, along with albiglutide and darapladib, after months of M&A intrigue.
AstraZeneca is going in on an acquisition of Amylin with its Onglyza partner Bristol-Myers Squibb.
Roche shutters its Nutley, NJ, R&D site, and Porter Novelli names a new CEO.
Pfizer is bagging on the baby food business. The company announced Monday it was selling its nutrition division to powerhouse Nestle for $11.9 billion.
Human Genome Sciences rebuffed GlaxoSmithKline's advances Thursday with a press release that said, in essence, "Thanks for the $2.6 billion takeover offer, but we're worth more than that." The company said it is looking into other options and suitors. GSK sent its unsolicited bid to HGSI weeks ago, with an April 19 deadline.
Wishbone founder Steve Michaelson and chief strategy officer Judy Capano retired last month as the shop was absorbed into Rosetta, which acquired the agency in 2009 and was, in turn, snapped up by Publicis.
LBi, a big European indie digital agency network, is opening up a healthcare marketing shop in the US, seeing opportunity in Publicis' increasing domination of the digital health space.
Pfizer took a big step back from plans for a radical streamlining, announcing plans to look at spinning off or selling its Animal Health and Nutrition businesses but not the much larger Established Products unit or its Consumer Healthcare portfolio.