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Bristol Myers Squibb Completes Acquisition of RayzeBio, Adding Differentiated Actinium-Based Radiopharmaceutical Platform

Feb 26, 2024almost 2 years ago

Acquiring Company

Bristol Myers Squibb

Acquired Company

RayzeBio, Inc.

LawrencevilleSan DiegoManufacturingHealth Care

Description

Bristol Myers Squibb has successfully completed the acquisition of RayzeBio, Inc., a biopharmaceutical company known for its pioneering work in the development of radiopharmaceutical therapeutics (RPTs) for the treatment of solid tumors. This acquisition bolsters Bristol Myers Squibb's oncology pipeline, particularly in the area of RPTs, and is expected to unlock new opportunities for growth and innovation in the coming years.

Company Information

Company

Bristol Myers Squibb

Location

Lawrenceville, New Jersey, United States

About

Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases. For more information about Bristol Myers Squibb, visit us at BMS.com or follow us on LinkedIn, Twitter, YouTube, Facebook, and Instagram.

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M&A Insights

Based on deal data
Integration 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