Replies to post #209544 on Innovation Pharmaceuticals Inc (IPIX)

[brainlessgoat]

Good! Pfizer is a big roller when it comes to deals compared to other two...past observations.

I worked at Pfizer/Novartis/Roche! :)


Happy Goat!

[sixmilliondollarbios]

Dr B will be gone soon just like Dr Jorgensen. Remember him? When P fails Dr B will most likely be exiting shortly after.

[CallMeCrazy]

Another characteristic that can lead to a mega-deal is the $22 billion in foreign cash that Pfizer can repatriate (thanks to the new tax law) at a new reduced tax rate of 15.5%.

Big pharma and biotech companies together have almost $150 billion in cash that could be brought home and redeployed in M&A. Amgen leads the pack with $39 billion in cash stashed overseas, followed by Gilead with $32 billion, Pfizer with $22 billion and Merck with $20 billion. Johnson & Johnson, AbbVie and Eli Lilly each have more than $10 billion abroad, according to the report.

https://www.fiercepharma.com/pharma/tax-reform-advancing-pharma-s-dealmakers-likely-pick-up-pace-2018

Message in reply to:

Novartis is creeping to the finish line, but Pfizer is at its tail! IMO. Dr B has great friends and resources at both. The good thing about Dr B is his very balanced attitude and genuine nature......those characteristics can lead to mega deals imo.