News + Resources

ICYMI – BioPharma Dive: Increased Biopharmaceutical M&A Critical to Supporting Early-Stage Breakthroughs
A recent article from BioPharma Dive highlights the challenging landscape for biopharmaceutical initial public offerings (IPOs), and the critical role that mergers & acquisitions play in connecting promising innovations with the resources and investment needed to...

Concurrences Law & Economics: M&A Unlocks Economies of Scale and Scope Across the Life Sciences Ecosystem
In a recent article published in Concurrences Law & Economics, Cornerstone Research experts Lorenzo Cattivelli, Anca Cojoc, Penka Kovacheva and Maria Salgado highlight ways that mergers and acquisitions (M&A) can contribute to innovation in the...

ICYMI: Ways and Means Field Hearing – Policymakers Must Take a Balanced, Bipartisan Approach to Life Sciences M&A
The U.S. House Committee on Ways and Means recently held a field hearing in Salt Lake City, UT: “Access to Health Care in America: Unleashing Medical Innovation and Economic Prosperity.” While discussing the many challenges and unique market dynamics that shape life...

Innovations Advanced by M&A: Breakthrough Treatments for Rare, Aggressive Cancers
By combining complementary resources and expertise among companies of all sizes – while driving investment across the ecosystem – M&A helps advance innovative new treatments and cures to patients. This was precisely the case for Retevmo and Jaypirica, two first-of-their-kind oncology treatments brought to market through the acquisition of Loxo Oncology by Eli Lilly & Co.

New Research Article: The impact of pharmaceutical M&A on innovation
Mergers and acquisitions (M&A) play a unique and fundamental role in the development of new treatments and cures across the pharmaceutical ecosystem. A research article published yesterday, “The impact of pharmaceutical M&A on innovation: Insights from the...

Forbes Opinion – Former FTC Official: FTC & DOJ Must Return to a Balanced, Bipartisan Approach to M&A
In a recent Forbes op-ed, former Federal Trade Commission (FTC) general counsel Alden Abbott outlines the lack of evidence behind the FTC and Department of Justice’s (DOJ) recent shift toward a more aggressive approach to challenging mergers and acquisitions...

Innovations Advanced by M&A: Breakthroughs for a Rare Blood Disease
In one of many examples from across the United States’ vibrant life sciences ecosystem, the merger between Alexion Pharmaceuticals and AstraZeneca helped accelerate the development and global distribution of transformative treatments for paroxysmal nocturnal hemoglobinuria (PNH) – a rare and life-threatening blood disease.

FTC Budget Hearing Recap: Policymakers Express Concern About Agency’s Approach to M&A
Recently, Federal Trade Commission (FTC) Chair Lina Khan appeared before the House Appropriations Committee Subcommittee on Financial Services and General Government to discuss the Agency’s proposed budget for the upcoming fiscal year. During her testimony, Chair Khan...

Innovations Advanced by M&A: An Innovative CAR-T Therapy for Blood Cancer
In the case of Breyanzi, the merger between Juno Therapeutics and Celgene allowed the two companies to combine their complementary resources and expertise and secure the investment required to bring a novel chimeric antigen receptor T-cell (CAR-T) therapy for advanced forms of blood cancer to patients more quickly.

Mercatus Center Policy Brief: FTC & DOJ’s Flawed Approach to M&A Impedes Early-Stage Innovation
In a recent policy brief, Satya Marar, a fellow at the Mercatus Center at George Mason University, points out the considerable harm that the Federal Trade Commission (FTC) and Department of Justice’s (DOJ) recent approach to antitrust enforcement is having on...