Home Biotech 'bubble' pushes midsize buys out of reach: Roche CEO
 

Keywords :   


Biotech 'bubble' pushes midsize buys out of reach: Roche CEO

2015-09-15 21:23:12| Biotech - Topix.net

The biotechnology sector is in a "bubble", pushing prices for medium-sized companies with experimental drugs in late-stage development out of reach, the chief executive of drugmaker Roche ( "I think this bubble will burst at some point," Severin Schwan told Reuters in an interview during a visit to London. The Swiss company continues to screen for promising acquisitions but the price of potential targets was now "far, far away" from fundamental value, he said.

Tags: reach ceo bubble biotech

Category:Biotechnology and Pharmaceuticals

Latest from this category

All news

»
07.11Hurricane Rafael Update Statement
07.11Summary for Hurricane Rafael (AT3/AL182024)
07.11Australia plans social media ban for under-16s
07.11Hurricane Rafael Update Statement
07.11Summary for Hurricane Rafael (AT3/AL182024)
07.11Moldova cleans up its act to attract foreign businesses
07.11Bank of England expected to cut interest rates
07.11Will Trump's victory spark a global trade war?
More »