Our Approach

 
For many years, Davis Polk has been one of the most active advisers to the largest and most innovative companies across such sectors as pharmaceuticals, biotechnology, medical devices and equipment, diagnostics, genetics and other related areas.
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Of Note

  • We have represented 5 of the top 10 health care companies as measured by market capitalization: Roche, Pfizer, Merck KGaA, Abbott Laboratories and AstraZeneca.


  • Recently, we have worked on the largest-ever completed going-private transaction (Roche/Genentech) and in a related matter, the largest corporate bond offering in history (Roche). 


  • Our litigators have served as coordinating counsel, representing all of the pharmaceutical industry leaders in several recent major court cases.

Notable Matters

  • We have advised Hoffmann-La Roche and AstraZeneca (and predecessor firms) in virtually all of their significant transactional matters before the US antitrust agencies over the past two decades (including the consent decrees that accompanied Roche’s acquisitions of Genentech, Syntex and Boehringer Mannheim, and the merger of Astra and Zeneca).
  • We advised Roche on its successful $46.8 billion contested acquisition all of the outstanding publicly held shares in Genentech. The deal is the largest-ever completed going-private transaction and was named the “Americas M&A Deal of the Year” at the 2010 IFLR Awards. In a related transaction, we advised Roche on its record $16.5 billion senior notes offering, the largest corporate bond offering in history.
  • We represented AstraZeneca Pharmaceuticals in a securities fraud class action in the Southern District of New York. A class of domestic and foreign purchasers of AstraZeneca stock allege that the company defrauded investors by failing to disclose certain information regarding a drug for which AstraZeneca was seeking FDA approval. The court granted our motion to dismiss the case in its entirety on the ground that plaintiffs failed adequately to plead scienter. The court also dismissed the claims of foreign purchasers on the independent ground that there was no subject matter jurisdiction to adjudicate such claims under the U.S. securities laws. The Second Circuit Court of Appeals affirmed the dismissal.
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