After the Bardoxolone debacle, ABT needed to ink some drug deals prior to the ABBV spinoff on 12/31/12 to trumpet to investors that ABBV is more than Humira and the HCV pipeline.
I expect even more ABT dealmaking on the drug side of the company before the ABBV spinoff takes effect.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”