Biotech Values

[DewDiligence]

The WSJ, commenting on the BAX-Gambro deal, paraphrased something that Stephen MacMillan, the former CEO of Stryker Corp., said a few years ago.

WSJ (http://online.wsj.com/article/SB10001424127887323901604578159562802281322.html ):

As the world gets richer, lifestyles get unhealthier. At least that's what Baxter International is betting with its $4 billion acquisition of Gambro…

Stephen MacMillan (#msg-38038167):

In the developed world, people are getting older and sicker, and in the developing world, people are getting richer and fatter.

I’m partial to MacMillan’s version.