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Execs ponder ways to make mergers work: annual BIO conference lets industry discuss ''what if?'' Questions. (Biotech).

Publication: San Diego Business Journal
Publication Date: 30-JUN-03
Format: Online - approximately 784 words
Delivery: Immediate Online Access
Full Article Title: Execs ponder ways to make mergers work: annual BIO conference lets industry discuss ''what if?'' Questions. (Biotech).(biotechnology industry issues)

Article Excerpt
A biotech chief executive last week took issue with a former Eli Lilly & Co. chief who admitted to an audience at the annual RIO 2003 conference that landing on a small company with a 747 airliner and 400 individuals to scrutinize a biotechnology's worthiness isn't exactly the road to travel into a happy relationship.

Yet, that is exactly how many talented biotech bachelorettes feel in the fiercely competitive beauty contest to land a "big pharma" husband--and with it the prestige and cash they crave.

Not all biotech/pharma marriages end up happy. And it's not uncommon for a big pharma to dump their biotech bride when news of negative clinical data shatters common dreams of bringing...

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