domingo, abril 10, 2005
A Pfizer deveria comprar a Merck?
Two days after the world's largest drug firm promised growth for its arthritis drugs Celebrex and Bextra, the U.S. Food and Drug Administration said that Celebrex should get a serious warning and that Bextra should be pulled from the market entirely. Both drugs have been dogged by an apparent link to heart attacks, but the ruling still came as a surprise to many physicians and drug industry watchers (see: "Doctors Back Bextra Ban").
That leaves Pfizer (nyse: PFE - news - people ), which just made rosy earnings projections for 2006 onward based on cost cuts and sales growth, in a tough position. One idea, advanced by Deutsche Bank analyst Barbara Ryan in a research note before the Bextra news broke, would be a hostile takeover of Merck (nyse: MRK - news - people ).