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With bio-financing tight, can service providers find new models?
April 1, 2009
By: Gil Roth
President, Pharma & Biopharma Outsourcing Association
I hate rehashing topics from my past columns, and I wish I could use this space to write a little something about the relationship of drug development to Montaigne’s Of physiognomy and my dog’s squeaky-toys, but the ongoing financial meltdown keeps casting a pall over my more lighthearted rambles. I guess they don’t call it a depression for nothing. (No, wait! I didn’t mean to call it a depression! It’s just a recession!) In last issue’s column, I wrote in the wake of Pfizer’s purchase of Wyeth about the long-standing belief that mega-mergers are bad for drug R&D. Since then, Merck and Schering-Plough announced merger plans and Roche closed the deal with Genentech. Boy, is my Top Companies issue going to be a toughie next year . . . Contra the merger madness, I was glad to read some words of pharma-sanity from John Lechleiter, chief executive officer of Eli Lilly & Co., who recently told London’s Financial Times,
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