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When Pharma Merges, R&D Is the Dowry

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Science  17 Mar 2000:
Vol. 287, Issue 5460, pp. 1952-1953
DOI: 10.1126/science.287.5460.1952

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Summary

Pharmaceutical companies' continuing quest to get bigger is not just megalomania. Although no company has even a double-digit slice of the global prescription drug market, each must have enough market share and product lines to maintain a significant presence in the United States, Europe, and Japan. Staying on top also requires doing more and better research, both to take advantage of new opportunities and to cover the continuing rise in the cost of developing new drugs.