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Why Mega-Mergers In Pharma is A Good Idea

from Livemint & The Wall Street Journal

Mergers and acquisitions come with their share of risk and reward, but when compared with most industries, big mergers and acquisitions among pharmaceuticals have generally resulted in positive returns to shareholders, say Myoung Cha, a principal in McKinsey’s Silicon Valley office and Theresa Lorriman, a specialist in the Boston office. In an article in the McKinsey Quarterly, the authors say there is more to big mergers than conventional wisdom, which holds that large mergers have destroyed value in the pharmaceutical industry. more

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