Big Pharma split over benefit of mega-merger, says FT
The pharmaceutical industry has been divided in recent months by the question of whether mega-mergers are the way forward, the UK Financial Times reports.
The recent economic crisis has led to a burst of M&A activity, with Pfizer acquiring Wyeth for $68.0 billion, USA-based Merck & Co buying Schering-Plough in a $41.1-billion reverse takeover and Swiss drug major Roche taking full control of its US affiliate Genentech in a $46.8-billion deal (Marketletters passim).
Can big pharma become too big?
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