Reportlinker Adds Merger and Acquisition Agreements in Pharma, Biotech and Diagnostics, 2nd edition

NEW YORK, March 2 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Merger and Acquisition Agreements in Pharma, Biotech and Diagnostics, 2nd edition

http://www.reportlinker.com/p0179579/Merger-and-Acquisition-Agreements-in-Pharma-Biotech-and-Diagnostics-2nd-edition.html

Summary

The Merger and Acquisition Agreements in Pharma, Biotech and Diagnostics, 3rd edition report provides comprehensive understanding and unprecedented access to the merger and acquisition (M&A) agreements entered into by the worlds leading biopharma companies.

Fully revised and updated, the report provides details of merger and acquisition agreements from 2003 to end 2009

- Trends in merger and acquisition

- Merger and acquisition agreement structure

- M&A contract documents

- M&A agreement terms

- Top M&A deals by value

- Most active M&A dealmakers

- Bigpharma M&A dealmaking activity

Description

The report provides a detailed understand and analysis of how and why companies enter merger and acquisition deals. The majority of deals are acquisitions whereby the acquirer acquires the target company in a cash and/or equity transaction.

Understanding the flexibility of a prospective partner's negotiated deals terms provides critical insight into the negotiation process in terms of what you can expect to achieve during the negotiation of terms. Whilst many smaller companies will be seeking details of the payments clauses, the devil is in the detail in terms of how payments are triggered – contract documents provide this insight where press releases and databases do not.

This report contains over 750 links to online copies of actual merger and acquisition contract documents as submitted to the Securities Exchange Commission by biopharma companies and their partners.

Contract documents provide the answers to numerous questions about a prospective partner's flexibility on a wide range of important issues, many of which will have a significant impact on each party's ability to derive value from the deal.

The initial chapters of this report provide an orientation of merger and acquisition dealmaking and business activities. Chapter 1 provides an introduction to the report, whilst chapter 2 provides an analysis of the trends in mergers and acquisitions as well as a discussion on the merits of each type of deal.

Chapter 3 provides an overview of the structure of merger and acquisition deals. The chapter includes numerous case studies to enable understanding of both pure merger/acquisition deals and multicomponent deals where acquisition forms a part.

Chapter 4 provides a review of the leading M&A deals since 2000. Deals are listed by headline value, signed by bigpharma, most active bigpharma, and most active of all biopharma companies. Where the deal has an agreement contract published at the SEC a link provides online access to the contract.

Chapter 5 provides a comprehensive listing of the top 50 bigpharma companies with a brief summary including M&A frequency and acquired companies since 2000 followed by a comprehensive listing of M&A contract documents available in the public domain. Each deal title links via Weblink to an online version of the actual contract document, providing easy access to each contract document on demand.

Chapter 6 provides a comprehensive listing of all merger and acquisition agreement contracts available in the public domain, respectively. The chapter is organized by A-Z company name. Each deal title links via Weblink to an online version of the actual contract document, providing easy access to each contract document on demand.

Key benefits

Merger and Acquisition Agreements in Pharma, Biotech and Diagnostics, 3rd edition provides the reader with the following key benefits:

- In-depth understanding of merger and acquisition deal trends since 2000

- Analysis of the structure of merger and acquisition agreements with numerous real life case studies

- Comprehensive access to over 750 actual merger and acquisition contracts entered into by the world's biopharma companies

- Detailed access to actual merger and acquisition contracts enter into by the leading fifty bigpharma companies

- Insight into the terms included in a merger and acquisition agreement, together with real world clause examples

- Understand the key deal terms companies have agreed in previous deals

- Undertake due diligence to assess suitability of your proposed deal terms for partner companies

Report scope

Merger and Acquisition Agreements in Pharma, Biotech and Diagnostics, 3rd edition is intended to provide the reader with an in-depth understanding of the merger and acquisition trends and structure of deals entered into by leading biopharma companies worldwide.

Merger and Acquisition Agreements in Pharma, Biotech and Diagnostics, 2nd edition includes:

-Trends in merger and acquisition dealmaking in the biopharma industry since 2000

-Analysis of merger and acquisition deal structure

-Case studies of real-life merger and acquisition deals

-Access to over 750 merger and acquisition contract documents

-The leading merger and acquisition deals by value since 2000

-Most active merger and acquisition dealmakers since 2000

-The leading merger and acquisition partnering resources

In Merger and Acquisition Agreements in Pharma, Biotech and Diagnostics, 2nd edition, the available contracts are listed by:

-Company A-Z

-Headline value

Each deal title links via Weblink to an online version of the actual contract document, providing easy access to each contract document on demand.

The Merger and Acquisition Agreements in Pharma, Biotech and Diagnostics, 3rd edition report provides comprehensive access to available contract documents for over 750 merger and acquisition deals. Analyzing actual contract agreements allows assessment of the following:

-What are the precise merger or acquisition terms agreed between the parties?

-What is the plan of merger and how will it be implemented?

-What is actually being acquired by the acquiring company?

-What is the payment structure for the deal?

-What are conditions of merger or acquisition?

-What are the rights of shareholders and dissenters?

-How are the key terms of the agreement defined?

-How are IPRs handled and owned?

-Who is responsible for what in the acquisition?

-How is confidentiality and publicity managed?

-Under what conditions can the deal be terminated?

-Which boilerplate clauses does the company insist upon?

-Which boilerplate clauses appear to differ from acquisition to acquisition?

-Which jurisdiction does the company insist upon for agreement law?

Table of Contents

Executive Summary

Chapter 1 – Introduction

Chapter 2 – Trends in M&A dealmaking

2.1. Introduction

2.2. Difference between merger and acquisition deals

2.3. Trends in M&A deals since 2000

2.3.1. Japanese M&A accelerates

2.3.2. Option to acquire the new acquisition?

2.3.3. Case study 1: Cephalon – Ception

2.3.4. Case study 2: Endo – Indevus

2.4. When M&A can be useful

2.5. Attributes of M&A deals

2.6. Partnering deals with M&A component

2.6.1. Partnering as a precursor to M&A

2.6.1.a. Case study 3: Shire – New River

2.6.2. Equity as part of partnering deal

2.6.2.a. Case study 4: Merck – Gtx

2.6.2.b. Case study 5: Pfizer – Icagen

2.6.2.c. Case study 6: Genentech – Tercica

2.6.3. Conversion of partnership to acquisition

2.6.4. But M&A is not always the route followed

2.7. Bigpharma mega mergers – are we at the end of the road?

2.7.1. Growth of Pfizer through M&A

2.7.2. Growth of GlaxoSmithKline through M&A

2.8. Accessing innovation through M&A

2.8.1. Bigpharma acquisitions of small companies

2.8.1a. Case study 7: Abbott – Kos Pharmaceuticals

2.8.1.b. Case study 8: Merck – Sirna Therapeutics

2.8.2. Medium and small biopharma – use of M&A

2.8.2.a. Case study 9: Merck KgaA – Serono

2.8.2.b. Case study 10: Nycomed – Altana

2.8.3. Using M&A to build a company

2.8.3.a. Case study 11: Shire – built from M&A

2.8.3.b. Case study 12: Zeneus - acquiring a ready-made European capability

2.8.3.c. Case study 13: Novartis – from pure pharma to half generic

2.8.4. Emergence of biotech-biotech mergers

2.8.4.a. Case study 14: Merger between Biogen and Idec

2.8.4.b. Case study 15: Amgen acquisition activity

2.9. The emerging role of private equity in M&A

2.10. Implementing M&A transactions

2.11. Joint ventures as alternative to M&A

2.12. The future of M&A in biopharma

Chapter 3 – Overview of M&A deal structure

3.1. Introduction

3.2. Pure versus multi-component acquisition deals

3.3. Pure M&A agreement structure

3.3.1. Example acquisition agreements

3.3.1.a. Case study 16: Novartis – Eon Labs – February 2005

3.4. Acquisition as part of a wider alliance agreement

3.4.1. Example acquisition option clauses

3.4.1.a. Case study 16: MGI Pharma – AkaRx – October 2007

3.5. Merger agreements

3.5.1. Example merger agreements

3.5.1.a. Case study 18: Corgentech – AlgoRx – September 2005

Chapter 4 – Leading M&A deals

4.1. Introduction

4.2. Top M&A deals by value

4.3. Top merger deals

4.4. Top M&A deals signed by bigpharma

4.5. Most active M&A dealmakers

4.5.1 Inverness Medical Innovations

4.5.2. Johnson & Johnson

4.5.3. Novartis

4.6. Bigpharma M&A deal activity

4.7. Bigpharma created through M&A

4.7.1. Forcing Japanese pharma into the M&A game

Chapter 5 – Bigpharma M&A agreements

5.1. Introduction

5.2. How to use M&A agreements

5.3. Company M&A agreement listings

Abbott

Actavis

Alcon Labs

Allergan

Amgen

Astellas

AstraZeneca

Baxter

Bayer

Biogen Idec

Boehringer Ingelheim

Bristol-Myers Squibb

Cephalon

Chugai

CSL

Daiichi Sankyo

Dainnipon Sumitomo

Eisai

Eli Lilly

Forest Laboratories

Genentech

Genzyme

Gilead Sciences

GlaxoSmithKline

Hospira

Johnson & Johnson

Lundbeck

Menarini

Merck & Co

Merck Serono

Mitsubishi-Tanabe

Mylan

Novartis

Novo Nordisk

Nycomed Pharma

Otsuka

Pfizer

Procter & Gamble

Ratiopharm

Roche

Sanofi-Aventis

Schering Plough

Servier

Shire

Solvay

Takeda

Teva

UCB

Watson

Wyeth

Chapter 6 – M&A agreement directory 2003-2009

6.1. Introduction

6.2. Company A-Z

Appendices

Appendix 1 – M&A references

Appendix 2 – Resources

Appendix 3 – Deal type definitions

Appendix 4 – Example M&A contract document – mega acquisition

Appendix 5 - Example M&A contract document – acquisition

Figures

Figure 1: Definition of merger and acquisition

Figure 2: Trends in M&A deal announcements, 2000-2009

Figure 3: Merger specific deals 2000-2009

Figure 4: Key recent M&A trends – 2005 to present

Figure 5: Recent Japanese M&A

Figure 6: Recent 'option to acquire' deals

Figure 7: Situations where M&A can prove useful

Figure 8: Recent private biotech acquisitions

Figure 9: Partnering deals including equity stake – 2000 to 2009

Figure 10: Recent partnering deals involving equity participation in the licensor

Figure 11: Equity investments converting to acquisitions

Figure 12: Pfizer's growth through M&A since 2000

Figure 13: GSK's growth through M&A

Figure 14: Shire's M&A history

Figure 15: Amgen's biotech-biotech acquisition trail

Figure 16: Private equity M&A activity, 2007-2009

Figure 17: Issues in implementing M&A agreements

Figure 18: Joint venture agreements, 2000-2009

Figure 19: Example joint ventures in the biopharma sector

Figure 20: Future trends in M&A in biopharma

Figure 21: Components of the acquisition deal structure

Figure 22: Components of the merger deal structure

Figure 23: Top 50 M&A deals by value since 2000

Figure 24: Top merger deals by value since 2000

Figure 25: Top 50 M&A deals signed by bigpharma value since 2000

Figure 26: Growing by acquisition - most active M&A dealmakers 2003-2009

Figure 27: Building through M&A – Inverness Medical Innovations

Figure 28: Building through M&A – Johnson & Johnson

Figure 29: Building through M&A – Novartis

Figure 30: Bigpharma – top 50 – M&A deals since 2003

Figure 31: New companies out of old – the role of M&A in bigpharma league promotion

Figure 32: Japanese pharma plays the M&A game

Figure 33: Online partnering resources

Figure 34: Deal type definitions

Figure 35: M&A agreement between Ligand and Metabasis, October 2009

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Biotechnology Industry: Merger and Acquisition Agreements in Pharma, Biotech and Diagnostics, 2nd edition

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