Insider Trade Allegations Hit Korea Biosimilars Leader Celltrion
This article was originally published in PharmAsia News
Celltrion’s shares closed down 5.4% Sept. 16 following reports in local media that company management met with regulators on Friday to reject allegations of leaking undisclosed material information to certain investors.
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Derived from Strategic Transactions, Informa’s premium source for tracking life sciences deal activity, the Dealmaking column is a survey of recent health care transactions listed by relevant industry segment – In Vitro Diagnostics, Medical Devices, and Pharmaceuticals – and then categorized by type – Acquisition, Alliance, or Financing. This month’s column covers deals announced January 2020.
Industry experts expect a continued uptick in deals valued between $2bn-$10bn this year as buyers look to add critical mass in areas like oncology, rare disease and cell and gene therapy. Divestitures to free up capital and narrow focus should continue too.