Here's more on Merger Mania:
Industry Consolidation: Wait and See
NEWTOWN, Pa.--(BW HealthWire)--April 2, 1998--Despite the recent breakdown of merger talks between Glaxo Wellcome and SmithKline Beecham, another wave of industry consolidation may be on the horizon, according to the spring 1998 issue of Scott-Levin's Pharmaceutical Quarterly.
From the creation of SmithKline Beecham in 1989 to the formation of Novartis in 1996, drug companies have long been part of a cyclical consolidation trend that arises periodically in response to market conditions. As new product pipelines dry up, earnings growth begins to slow and several blockbuster drugs go off patent, consolidation will no doubt be one strategy companies use to ensure survival in the next millennium.
Other stories covered in the current Pharmaceutical Quarterly:
-- PRILOSEC Going OTC: On the heels of a September accord to co-promote PRILOSEC, Astra Merck and Procter & Gamble agreed in December to market an over-the-counter version of the world's top-selling drug.
-- Baldness Market Getting Hairy: The December approval of PROPECIA, Merck's male pattern baldness therapy, sets the stage for a head-to-head battle with Pharmacia & Upjohn's ROGAINE in 1998.
-- REZULIN Weathers Liver Warnings: Will Warner-Lambert and co-promotion partner Sankyo follow the lead of Glaxo Wellcome in the United Kingdom and pull the oral antidiabetic REZULIN off the market. So far, despite concerns about the product's possible link to liver damage, the answer is 'no.'
Each issue of Pharmaceutical Quarterly also includes roundups of major activity by brand-name, generic, biotechnology and bioinformatic companies. For more information, contact editor Al Kilpatrick or publications coordinator Steve Shewbrooks at 215/860-0440; email@scottlevin.com.
Scott-Levin, a division of PMSI/Scott-Levin Inc., provides health care consulting, research and communications services to pharmaceutical companies worldwide.
CONTACT:
Scott-Levin, Newtown
Al Kilpatrick or Steve Shewbrooks, 215/860-0440
email@scottlevin.com
www.scottlevin.com
KEYWORD: PENNSYLVANIA
BW0126 APR 02,1998
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