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Mergers and innovation in the pharmaceutical industry

โœ Scribed by Comanor, William S.; Scherer, F.M.

Book ID
121269948
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
518 KB
Volume
32
Category
Article
ISSN
0167-6296

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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