BioCentury on BioBusiness,
Big Thinkers III
Monday, October 19, 1998
Although the termination of the blockbuster merger between
Monsanto Co. and American Home Products Corp. should have come as no surprise
last week, the unwinding of another grand scheme by big pharma is a reminder
that the biotech sector is not alone with its troubles.
Indeed, the declared motivation behind the Monsanto-AHP tie-up
remains an unanswered challenge to both the biotech and pharma sectors. As with
the earlier Big Thinkers deal to merge Glaxo Wellcome and SmithKline Beecham,
which also aborted, the search for ways to increase the productivity of product
development crosses all boundaries (see Big Thinkers, BioCentury, Feb. 9).
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