SOURCE: The Bedford Report

The Bedford Report

March 17, 2011 07:35 ET

Biotech Merger and Acquisition Activity Looks Poised to Surge

The Bedford Report Provides Analyst Research on Cell Therapeutics & Repros Therapeutics

NEW YORK, NY--(Marketwire - March 17, 2011) - M&A activity in the healthcare sector has been on the upswing in recent quarters. Going forward, larger healthcare firms are expected to continue searching for smaller, more speculative companies which are focusing on specific treatments and specialties in the medical sector. Recent reports suggest that not only is Big Pharma active in acquisitions, but also larger biotech firms are showing willingness to utilize their large resource pools to acquire smaller firms in a race to diversify and to build their reach. The Bedford Report examines the outlook for companies in the Biotechnology Industry and provides research reports on Cell Therapeutics, Inc. (NASDAQ: CTIC) and Repros Therapeutics, Inc. (NASDAQ: RPRX). Access to the full company reports can be found at:

www.bedfordreport.com/2011-03-CTIC

www.bedfordreport.com/2011-03-RPRX

A recent report from Deal Search Online claims that while the biotech sector saw a 40 percent drop in the number of M&A deals last year, the 115 deals in 2010 amounted to $57.5 billion, a 21 percent increase over 2009. The report suggests that the last decade saw an increase in the amount of biotech deals, led in part by pharmaceutical companies seeking new blockbuster drugs to fill the void left by drugs coming off patent.

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On Monday, Cell Therapeutics said that it will spend $10 million to buy rights to an anti-cancer drug owned by Chroma Therapeutics. Cell Therapeutics said that in trials, Chroma's drug had "demonstrated significant anti-tumor responses in blood related cancers and solid tumors."

Cell Therapeutics has its own potential blockbuster drug working its way through the regulatory process. Although the company's "pixantrone" drug for non-Hodgkin's lymphoma failed to gain FDA approval last year, CTIC is preparing to start a new clinical trial of the drug.

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