The Glory Of Christmas Tickets
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As shown in the table below, the past year has seen over a scoreof acquisitions of smaller discovery companies. Fortunately for the investorsin these acquired companies, the premium paid for these companies has averagedupwards of 50%.Biotechnology Acquisition AnnouncementsAnnouncementTargetAcquirorDeal SizePremium Date Paid 12/03/09CV Therapeutics Gilead Sciences $1.4 billion 25%27/2/09 Arena Cephalon$210 million 69% Therapeutics30/01/09Tepnel Life Gen-Probe $132 million 126%Sciences12/01/09TargantaMedicines Co.
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