Stock Market News

Lazard hires veteran healthcare dealmaker Colocci as vice chairman

2024.05.09 10:05

Lazard hires veteran healthcare dealmaker Colocci as vice chairman

By Andres Gonzalez

LONDON (Reuters) – Investment bank Lazard (NYSE:) Ltd has appointed veteran healthcare dealmaker Michele Colocci as vice chairman and managing director, aiming to boost the growth of its healthcare advisory, according to a company announcement.

Colocci, former chairman of mergers and acquisitions at Morgan Stanley, where he also held positions as global co-head of healthcare investment banking and deputy head of investment banking for Europe, is set to join the firm in June.

He will be based in London and take over a recently created global position.

In his new role, Colocci will be part of Lazard’s healthcare franchise, led by David Gluckman and overseen in Europe by Jean-Louis Girodolle and Cyrus Kapadia.

“Michele’s experience as a trusted advisor to clients will be tremendously valuable as we continue to invest in our significant European business,” said Lazard´s CEO Peter R. Orszag.

The healthcare sector remains a key player in dealmaking, accounting for 10.2% of total deals in 2024, according to LSEG data.

Deal activity within the sector is anticipated to remain robust, driven by the rising demand for services and drugs from an ageing population, as well as the thriving market for weight-loss medications.

Pharma companies are spending billions to increase the production of new weight-loss drugs, giving contract development and manufacturing organisations (CDMOs) a big boost.

In February, Novo Holdings said it would buy Catalent (NYSE:), a key manufacturing subcontractor, for $16.5 billion to boost the output of its popular obesity drug Wegovy.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.

Lazard has been involved in some of the sector’s largest transactions, including Vertex’s $4.9 billion acquisition of Alpine Immune Sciences (NASDAQ:), Galderma’s IPO, and Biogen (NASDAQ:)’s $7.3 billion acquisition of Reata Pharmaceuticals (NASDAQ:).



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 96,392.83 1.17%
ethereum
Ethereum (ETH) $ 3,330.74 2.24%
tether
Tether (USDT) $ 1.00 0.04%
solana
Solana (SOL) $ 248.92 2.26%
bnb
BNB (BNB) $ 652.06 0.10%
xrp
XRP (XRP) $ 1.38 5.50%
dogecoin
Dogecoin (DOGE) $ 0.4188 0.65%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.986545 7.01%
staked-ether
Lido Staked Ether (STETH) $ 3,329.60 2.10%
tron
TRON (TRX) $ 0.205174 3.33%
avalanche-2
Avalanche (AVAX) $ 40.25 3.65%
stellar
Stellar (XLM) $ 0.529306 6.43%
the-open-network
Toncoin (TON) $ 6.06 3.37%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 3.14%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,933.05 2.60%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,109.75 1.33%
polkadot
Polkadot (DOT) $ 8.51 0.06%
chainlink
Chainlink (LINK) $ 17.04 2.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 503.32 0.28%
weth
WETH (WETH) $ 3,327.52 2.45%
sui
Sui (SUI) $ 3.36 1.57%
pepe
Pepe (PEPE) $ 0.00002 3.07%
near
NEAR Protocol (NEAR) $ 6.53 6.63%
leo-token
LEO Token (LEO) $ 8.45 2.07%
litecoin
Litecoin (LTC) $ 95.75 2.79%
aptos
Aptos (APT) $ 12.01 5.66%
uniswap
Uniswap (UNI) $ 10.46 3.63%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,505.39 2.24%
hedera-hashgraph
Hedera (HBAR) $ 0.143223 7.59%
usds
USDS (USDS) $ 1.00 0.20%
internet-computer
Internet Computer (ICP) $ 10.95 3.33%
crypto-com-chain
Cronos (CRO) $ 0.187566 5.04%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.543625 4.93%
ethereum-classic
Ethereum Classic (ETC) $ 27.88 6.30%
render-token
Render (RENDER) $ 7.59 1.41%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.46 4.19%
kaspa
Kaspa (KAS) $ 0.150704 1.57%
bittensor
Bittensor (TAO) $ 505.59 0.98%
bonk
Bonk (BONK) $ 0.000048 1.53%
whitebit
WhiteBIT Coin (WBT) $ 24.24 1.96%
dai
Dai (DAI) $ 1.00 0.00%
vechain
VeChain (VET) $ 0.04268 1.82%
celestia
Celestia (TIA) $ 7.97 12.75%
arbitrum
Arbitrum (ARB) $ 0.827335 3.53%
mantra-dao
MANTRA (OM) $ 3.63 0.29%
filecoin
Filecoin (FIL) $ 5.46 0.28%
cosmos
Cosmos Hub (ATOM) $ 8.33 1.88%
okb
OKB (OKB) $ 53.40 3.67%