Thanks ExW.
I don’t think that means what people seem to think it means based on what sounds like were superficial reads.
Does sound like a general ballpark and it makes sense if you’re growing a portfolio of potential drugs with great prospects yet unproven, and further the conversation, related to Daiichi to collaborate also has critical substance as well.
But as for buyouts, it’s always about the product, its capability and what the sellers are willing to take for it if they can control the sale and the acquirer doesn’t want the mess of a hostile takeover, which BP typically doesn’t really want with these small drugs with complex issues around transfer.
Interesting but not as dramatic as some make it seem. Reasonable targets for Merck to enunciate.