Mergers and acquisitions in the pharmaceutical and biotech industries
Article Abstract:
Securities and Data Corp's information on 383 companies for 1988 to 2001 were analyzed in determining the implications of mergers and acquisitions (MAQs) in the biotechnology and pharmaceuitcal industries. It was observed that large companies use MAQs to prevent expected unproductivity caused by excess in capacity, while small firms employ MAQs to solve their financial problems. The effectiveness of MAQs as a solution to excess capacity and economic problems of biotechnology and pharmaceutical companies is evaluated.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 2007
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Dynamic competition in pharmaceuticals: cross-national evidence from new drug diffusion
Article Abstract:
Variability of 15 countries including United States, Brazil, United Kingdom and Canada, with respect to the prices of new and old medicnes', particularly that of antidepressants, antihypertensives, and anyiepileptics, and to the rate they are marketed and diffused. It was found that the U.S. is relatively average, in terms of comparable prices of old and new drugs, and diffusion. The effects of promoting old and new drugs on market share of new drugs are analyzed.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 2007
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Commentary
Article Abstract:
Critique of three research papers on research and development, product introduction, and mergers and aquisitions in the pharmaceutical industry is given. Included in teh evaluation is Patricia M. Danzon et al.'s "Mergers and Acquisitions in the Pharmaceutical and Biotech Industries.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 2007
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