Saturday, April 29, 2017 6:13:31 PM
Interesting
More than ever in recent years, big pharma companies have the firepower necessary to do deals to build out sales and pipelines, says Forman, at Ernst & Young.
He puts the figure at $600 billion. That amount could increase by at least another $100 billion if U.S. companies are allowed to repatriate earnings at a favorable tax rate, a plan politicians in Washington, D.C. are considering.
The biggest buyout cash on hand war chests were at:
Johnson & Johnson ($42 billion); Amgen ($38 billion);
Gilead ($32 billion);
Allergan ($27 billion);
Merck ($25 billion);
Pfizer ($24 billion); and
Novartis ($23 billion).
They're just waiting on us to start FDA trials. ;)
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