Abbott's Watershed Acquisition of Medisense
For the first time, notes Bob Easton of The Wilkerson Group, the Big Four of diagnostics-Abbott, Boehringer Mannheim, Johnson & Johnson and Bayer-are competing head-to-head, worldwide in a major business unit. For Abbott Diagnostics Division Medisense meant growth in a growth-starved industry.
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Pharma’s opponents believe passage of the Inflation Reduction Act represents a momentum shift that will make it easier for politicians (even some Republicans) to take on the industry. They’ll need to count on that as they still have a long list of targets ahead on their lower-drug pricing agenda.