Biotech Values

[corpstrat]

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Is it your overall thesis that there is little future in attempting to develop new therapies for disease?

No, that is not my thesis>>

Well then, why are you so keen on pharma M&A which will greatly reduce R&D spending?

And why do you seem to crow at every announcement of a trial failure? (Or is that not crowing?)

And is there any development drug program - not FoBs or other generics - which you see as really promising?