Biotech Values

[jbog]

RNinsider,

Pfizer is a confusing company. While they are top notch, never has so much been spent for so little.

Pfizer today is around a $205 Billion Company today but to get there this is what they've done maybe over the last 20 years:

Bought Warner Lambert for $111 Billion
Bought Wyeth for $68 Billion
Bought King Labs for $3.6 Billion
Bought Pharmacia for aroud $60 Billion
Bought Anacor for $5 Billion
Bought drugs from Baxter for $650 Million
Bought Hospira for $17 Billon
Merged Upjohn into Mylan
Bought Arry Pharma for $11 Billion
Bought Medivation for $14 Billion
Failed trying to buy Allergan
Failed trying to buy AstraZenica

So around 20 years ago Pfizer was worth around $200 billion and it spent close to $300 Billion Dollars and is now worth $205 Billion.

Pfizer acts as an Hedge Fund, and a very poor one at that.