In Vivo is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Pharma Future: Is the Glass Half-Empty or Half-Full

Executive Summary

The size and scope of the troubles at Bristol, Merck, and Schering, has prompted much questioning of the basic Big Pharma investment proposition. In interviews with IN VIVO, four experienced buy-siders and one veteran sell-side analyst all read the same signs and come out on both sides of the question. Some of our investors see the company problems as more spectacular than generic-driven disasters faced by earlier companies like Syntex and SmithKline, but ultimately cyclical and different merely in degree; others see a shift in investment advantage to smaller companies who, with similar access to new product opportunities, can grow faster in percentage terms because they are growing off smaller revenue bases. All four investors, however, generally fault top management for a series of big and little mistakes which have greatly exacerbated problems-but which can probably be summarized either as overconfidence in pipelines or as an unwillingness to prepare in time for the downside.
Advertisement

Related Content

The Value of Me-Too's in the Context of OTC Switches
The Value of Me-Too's in the Context of OTC Switches

Topics

Related Companies

Related Deals

Advertisement
UsernamePublicRestriction

Register

IV001878

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel