Sector News

Roche chases bolt-on acquisitions as it pushes into genomics

January 28, 2015
Life sciences
A recent spending spree by Roche is intended to take advantage of emerging molecular information and genomic analysis, as the company anticipates that the field will play an increasingly important role for future medicines and diagnostics.
 
‘By harnessing the power of widespread whole genome sequencing, we are hoping to gain valuable insights into new targets, pathways and biomarkers to advance the progress of personalised treatments,’ says Roche spokeswoman Nadine Pinell.
 
Roche seems to be on the same page as US President Obama, whose State of the Union speech on 20 January included a push to fund ‘precision medicine’ treatments. Specifically, Obama proposed a new initiative intended to facilitate better treatments based on a patient’s genetic makeup and disease subtype.
 
Four deals this year
In January alone, Roche committed to four separate deals, including a $780 million purchase of a majority stake in US-based Foundation Medicine, to look at molecular information in oncology.
 
Just a few days later, the company agreed to acquire French biotechnology firm Trophos, whose proprietary screening platform generated the compound olesoxime, which is being developed to treat patients with a rare and debilitating genetic neuromuscular disease called spinal muscular atrophy
 
Roche also recently bought a license to an investigational molecule that prevent bacteria from breaking down penicillin-type antibiotics to help overcome resistance. Under the agreement, Meiji Seika Pharma in Japan and Fedora Pharmaceuticals in Canada will receive upfront plus development, regulatory and sales milestone payments totalling as much as $750 million, plus royalties on any products originating from the collaboration.
 
Finally, in the first half of January, Roche also licensed out some of its cancer diagnosis technology to diagnostics specialist Qiagen, based in the Netherlands. ‘Ensuring that assays that utilise Roche proprietary information are fully licensed is a key business strategy for us,’ said Paul Brown, head of Roche Molecular Diagnostics, in a statement at the time.
 
By Rebecca Trager
 

1 response to “Roche chases bolt-on acquisitions as it pushes into genomics

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

November 27, 2020

AbbVie lifts insider Jeffrey Stewart to commercial chief as company veteran Carlos Alban retires

Life sciences

AbbVie will soon have a new chief commercial officer, who’ll assume the heavy responsibility of navigating the Illinois pharma’s marketing transition from megablockbuster Humira.

November 27, 2020

Belgium biotech argenx nabs Bayer speedy review voucher for a cool $98M

Life sciences

The biotech, which has a series of deals across Big Pharma, will use the voucher, which can speed up the regulatory process for a new drug, for its late-stage drug efgartigimod—but not in the indication you might think.

November 27, 2020

Galapagos sells off Fidelta as CRO activities ‘no longer fit with its strategy’

Life sciences

Galapagos is selling off its contract research organization Fidelta for $37 million to Polish life science company Selvita. Fidelta focuses on inflammation, fibrosis and anti-infectives, with 181 employees at the helm.

Send this to a friend