OneRichOne

Big Pharma's Future Death Spiral?

You are right on target about mergers. I worked for a fairly large company that merged (took over) another fairly large company to become the biggest company in the industry. What happened? They kept all the high paid vice presidents and unit managers of the company they took over rather than merging the business units and reducing high paid management. This ruined the company and after only a few years, they had to be rescued by another company that actually knew how to handle a merger.