Biotech Values

[10nisman]

Acquisitions generally decimate corporate culture. A lot of the science guys enjoy working for the little guy (under-dog), and don't want to work for big-pharma. Intellectual capital is extremely crucial to MNTA.

Acquisitions may decimate corporate culture if you fully integrate companies. However, treating MNTA as a standalone entity would result in no impact to MNTA's current culture. I hardly doubt anyone has ever accepted a position at MNTA because they thought it was the under-dog versus a company that had the potential to do great things. People may root for the under-dog because it makes a good story however rarely are people willing to join a losing team versus a winning team. IMO, I doubt it would be difficult to convince the vast majority of MNTA's human capital that they could maximize their great work by being owned and supported by NVS's substantial resources.

10nis