tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

GSK seeks under-appreciated biotechs ‘hiding in plain sight’, FT reports

GSK’s chief commercial officer Luke Miels said the company is seeking to purchase or partner with biotechs "hiding in plain sight" as the drugmaker works to replenish its pipeline, the Financial Times’ Hannah Kuchler reports, citing the CCO. Miels said GSK is hoping to avoid "getting into a bidding war" by finding under-appreciated targets worth $1B-$2.5B, such as its takeover of Sierra Oncology earlier this year. Reference Link

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on GSK:

Disclaimer & DisclosureReport an Issue

1