Jan. 16 at 4:16 AM
$IBRX pharma buyout interest often tracks patent cliffs—when a company’s top drug is nearing loss of exclusivity, it needs new assets to replace future revenue.
For that reason, the most logical “watchlist” acquirers are large oncology/biopharma players facing meaningful cliffs and with the balance sheet to do deals—especially
$MRK (Keytruda LOE expected around 2028),
$BMY Myers (Opdivo ~2028 and broader LOE exposure), and
$JNJ &J (Stelara U.S. LOE in 2025).