Sanofi-Aventis all geared up for a merger with BMS ???
Yesterday’s Reuters report says so.
Sanofi-Aventis and Bristol-Myers Squibb Co could announce a friendly merger deal within the next few weeks to create the world's biggest drugs company, according to a report on Monday.
In an unsourced story, French financial newsletter La Lettre de l'Expansion said a pre-merger deal was thought to have been signed last weekIn an unsourced story, French financial newsletter La Lettre de l'Expansion said a pre-merger deal was thought to have been signed last week
More at Sanofi, Bristol-Myers sign pre-merger deal: report
This may not be very surprising provided the fact that they already have marketing understandings with their hugely popular drugs Plavix (Clopidogrel) and Avapro (Irbesartan).
Interesting fact is that, if this merger works out, Pfizer will be pushed to the Second position in market value. Let us wait n watch how Pfizer copes with that. Coz, they r not used to that lowly place !!!!!
Possible after-effects:
Sanofi gets a significant presence in the US market
Sanofi gets access to the strong pipeline of BMS.
The unfortunate thing could be the ‘lay-offs’ in field work force. Already Pharma sales force is traumatized by the recent layoffs in Pfizer and other companies.
Check this space for updates on this possible merger.
Seeji
Some trivia:
This could be called the ‘Merger of the mergers’
In 1989 Bristol Myers merged with Squibb Corporation
In 2004 Sanofi merged with Aventis.
2007 ???? SA with BMS???