Merck chief defines the perfect biotech buyout

Just before Biogen Idec announced it was out of the merger business, for the present, Merck's CEO was telling the Wall Street Journal that it had no interest in buying the biotech company. What it would like to buy, said CEO Richard Clark (photo), is a biotech company with about $2 billion to $5 billion in sales and a pipeline in sync with Merck's research interests. Hmm. And by the way, he added, Merck has no beef with the FDA. Even as others see the agency tightening up after the Vioxx debacle, Merck has counted seven approvals in the past two years. "It's difficult to say that the FDA has changed their approach."

- check out the report from the Wall Street Journal

ALSO: Merck recalled more than a million doses of Hib vaccine, shots given to kids under five to prevent hepatitis, pneumonia, and other infections. Report

Suggested Articles

Last month, rumors out of Bloomberg whispered that Gilead, more known for its COVID-19 work these days, was gearing up for a major stake in Arcus.

The NGOs think Big Pharma controls the agenda of the IMI, leading it to prioritize areas that are profitable for drugmakers over public health needs.

Canadian biotech AbCellera has nabbed a meaty $105 million series B funding round as it looks to boost its antibody work and seek out new potential me