Bristol Myers Squibb Completes Acquisition of Mirati Therapeutics, Strengthening and Diversifying Oncology Portfolio
Jan 23, 2024•almost 2 years ago
Acquiring Company
Bristol Myers Squibb
Acquired Company
Mirador Therapeutics
Description
Bristol Myers Squibb has successfully completed the acquisition of Mirati Therapeutics, Inc., further diversifying and strengthening its oncology portfolio. Through this acquisition, Bristol Myers Squibb has added the commercialized lung cancer medicine KRAZATI to its portfolio, as well as several promising clinical assets, reinforcing its commitment to delivering innovative treatments for cancer patients.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed