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DBL%20Hendrix%20small.png College chemistry, 1983

Derek Lowe The 2002 Model

Dbl%20new%20portrait%20B%26W.png After 10 years of blogging. . .

Derek Lowe, an Arkansan by birth, got his BA from Hendrix College and his PhD in organic chemistry from Duke before spending time in Germany on a Humboldt Fellowship on his post-doc. He's worked for several major pharmaceutical companies since 1989 on drug discovery projects against schizophrenia, Alzheimer's, diabetes, osteoporosis and other diseases. To contact Derek email him directly: derekb.lowe@gmail.com Twitter: Dereklowe

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In the Pipeline: Don't miss Derek Lowe's excellent commentary on drug discovery and the pharma industry in general at In the Pipeline

In the Pipeline

« New from OSI / Astellas | Main | Craig Venter, Venting »

July 29, 2010

Let's Just Spread This Deal Out All Over the Paper, Why Don't We?

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Posted by Derek

Fierce Biotech has it right - the management at Sanofi-Aventis is "leaking like an old wooden ship". That's why we're seeing so many reports from highly placed sources, and people familiar with the negotiations, and so on. Here's the latest, and no doubt phones are even at this moment ringing over at the Wall Street Journal and Bloomberg with updates. . .

Comments (4) + TrackBacks (0) | Category: Business and Markets


COMMENTS

1. Garnet on July 29, 2010 7:55 PM writes...

According to the below report, Biotech employment has increased by 50% in the last three years. Can't say I've seen any of these ghost companies advertising. Time to open the immigration floodgates as shortages must be occurring!

"Biotech employment grew despite downturn"

http://philadelphia.bizjournals.com/philadelphia/stories/2010/07/26/daily29.html

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2. LAM on July 29, 2010 8:26 PM writes...

Remember, Chris Viehbacher came from SB / GSK and seems to be working to the same standard here.

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3. Mark on July 30, 2010 7:56 AM writes...

These leaks have to be a strategy of Sanofi. Think about some of the other big mergers, Pfizer/Pharmacia, Pfizer/Wyeth, Merck/SP, never a peep until it was announced!

Since Icahn has been livid over Genzyme's performance as of late, I wonder if he has a hand in this?

Mark

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4. Anonymous on August 1, 2010 3:09 PM writes...

And from a local NJ, USA standpoint, I heard that there was a ca. 50% (yes 50%) reduction in their chemistry staff at their NJ site. Sad, very sad....

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