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Novo Nordisk got beat out on one of the first big healthcare deals of the year — here's what the CEO is still looking for in an acquisition (NVO)

Novo Nordisk in January came out with a $3.1 billion bid for Belgian biotech Ablynx, one of the first signs of M&A in a now-busy year. Novo was ultimately beaten out by rival Sanofi, which acquired Ablynx for $4.8 billion. Novo CEO Lars Fruergaard Jorgensen told Business Insider that the company is still on the lookout for deals in the $2-3 billion range. 2018 is shaping up to be a big year for deals in the pharmaceutical industry.
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