OT- Did anyone watch Cramer tonight- he did a segment on how big pharma was going to have lower revenues and even had PFE, GSK and big pharma tombstones for the companies and said none were a buy. He mentioned how a few of them have cut the R&D departments which will not help them replenish their pipelines which are going generic. Then he mentioned the billions of dollars that go off patent year by year. He made me think maybe they made these cuts in order to do more M&A activity :) If anyone can find a link and post it was really interesting and talks about a lot of stuff we mention here daily.
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