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Biotech / Medical : Munch-a-Biotech Today

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To: Biomaven who wrote (794)1/14/2000 9:11:00 AM
From: aknahow  Read Replies (1) of 3158
 
While we have all see this, I am sttill posting it.

Glaxo/Smith Kline

dailynews.yahoo.com

Last year many thought a lot of mergers would occur among the medium sized biotechs. I did not think so, as I saw it as big fish eating the smaller when they were not preoccupied with going after one another. However, I made no money by getting this right, and never called a potential merger, correctly, in advance of the actual news.

See more of the same this year except that if the biotech boom inflates prices, those companies that I thought could not spend the resources in trying to merge with one another will find it possible to hire outside help. The higher stock values should incent some to go looking for acquisitions.
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