Thursday, January 03, 2013

Merck 's Frazier uses the "R" word

Merck CEO Sees More Drug-Industry Consolidation

By Peter Loftus

Merck CEO Ken Frazier said today that there could be further consolidation in pharmaceutical industry because of pressures on drug pricing and ever-rising research costs.

“I think there’s a certain redundancy of infrastructure in this industry,” he told a Goldman Sachs conference.

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