During a recent interview, Roche Chief Executive Severin Schwan indicated that the company would likely continue its focus on smaller-scale deal making. The company will continue to focus on smaller acquisitions of “innovative companies” such as its recent purchase of Intermune. “We have to be very consistent in our approach to M&A,” Schwan noted in an interview with the Wall Street Journal.
What the executive also addressed in that interview was the emerging area of immunotherapy—a space which Roche reportedly plans on moving five experimental drugs into clinical trial this year. With companies such as Bristol-Myers Squibb, Merck and AstraZeneca all developing new therapies in this space, the competition has become intense. Some analysts project that the industry as a whole could be worth as much as $35 billion annually in the future.
Schwan believes this race will be decided by those with an edge in R&D. “The winners and losers in the long term, I am absolutely sure, will be [decided by] those who do the clever combinations,” he told the newspaper.
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