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Isis Pharmaceuticals, Inc. Message Board

  • dinepat203 dinepat203 Nov 16, 2012 11:46 AM Flag

    Genzyme and Isis - Billion-dollar deals

    Who: Genzyme
    With: Isis Pharmaceuticals
    What: $1.9 billion deal
    Scoop: Genzyme agreed to fork over up to $1.9 billion for rights to Isis Pharmaceutical's flagship program mipomersen, a cholesterol drug candidate. The company reportedly survived a bidding war for the drug that involved 10 companies. Mipomersen blocks a gene that opens the gate to cholesterol in the blood.

    Sentiment: Strong Buy

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