𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Industrial biotech cluster established in Germany

Book ID
104387545
Publisher
Elsevier Science
Year
2008
Weight
51 KB
Volume
2008
Category
Article
ISSN
1351-4180

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## Abstract We examine the determinants and effects of M&A activity in the pharmaceutical/biotechnology industry using SDC data on 383 firms from 1988 to 2001. For large firms, mergers are a response to expected excess capacity due to patent expirations and gaps in a firm's product pipeline. For sm