SOURCE: Paragon Financial Limited

Paragon Financial Limited

April 20, 2012 08:20 ET

Large Pharmaceuticals Look to Acquire Smaller Biotech Companies to Drive Growth

The Paragon Report Provides Stock Research on Illumina and Amylin Pharmaceuticals

NEW YORK, NY--(Marketwire - Apr 20, 2012) - Mergers and Acquisitions have been a hot topic in the Biotechnology Industry recently. According to a recent report by Dealogic, pharmaceutical deals totaled $18.5 billion globally this year, an increase of 5% from the same period last year. The Paragon Report examines investing opportunities in the Biotechnology Industry and provides equity research on Illumina, Inc. (NASDAQ: ILMN) and Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN).

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As larger companies reduce spending on research and development they are looking at smaller biotech companies to diversify their product lines. M&A allows bigger companies to acquire products and technology that are already proven in the market place, avoiding the many risks associated with research and development.

On Thursday Biotechnology Company Human Genome Sciences rejected a $2.59 billion takeover bid from GlaxoSmithKline. The announcement comes just a day after Swiss pharmaceutical company Roche announced that it was abandoning its bid for U.S. biotech firm Illumina.

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Illumina, Inc. announced that it will issue results for first quarter 2012 following the close of market on Monday, April 23, 2012. On the same day, at 2:00pm Pacific Time (5:00pm Eastern Time) Jay Flatley, President and Chief Executive Officer; Christian Henry, Senior Vice President and General Manager, Genomic Solutions; and Marc Stapley, Senior Vice President and Chief Financial Officer, will host a conference call with analysts, investors, and other interested parties to discuss financial and operating results.

Amylin Pharmaceuticals, Inc. will webcast its Quarterly Update Conference Call for the first quarter of 2012 on Thursday, April 26, 2012 at 8:30 a.m. ET/5:30 a.m. PT. Daniel M. Bradbury, Amylin's president and chief executive officer, will lead the call. On the same date pre-market, Amylin will release financial results for the first quarter of 2012.

Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: