AbbVie Inc. said late Wednesday it will buy cancer biotech Pharmacyclics Inc. in a $21 billion deal... "Doesn't make a lot sense"
I am with you. Gonzalez is an absolute disaster for Abbv. $21B for less than a half in $1B-annual sale. WOW. GILD got Pharmacist for $11B with ~$16B+ annual HCV sale just for itself!
PS Abbv could get Enanta for $1.5B (the amount of penalties Gonzales paid for his failed tax adventure).