The Cure for the Financial Crisis
So far it looks like it may be ..... Big Pharma!
[Really now, consider the source of the post, where else did you think I would be going]
Yup, it doesn't just work to make people well, but the economy as well. Why do I say this? Merger mania in big pharma is carrying the water for investment banking right now.
During the first quarter of 2009, pharma deals accounted for almost 50 percent more than all the industry's transactions announced in 2008, according to a report from The Mergermarket Group of New York and London. Quarter-over-quarter, this year's total runs more than 10 times last year's amount.
Its all here in this report.
[Honestly only skimmed it so far, looks interesting though]
Community Analyst Team
Looking to get this blog running again.