More Videos
SPECIAL REPORT
MOST SHARED
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- AIG Moving Toward Repaying Bailout: Moody's
- Home Prices Sank Further In Most Parts of US in 3rd Quarter
- Health-Care Reform Does Little To Contain Costs: Analysts
- 'Peak Oil' Closer Than IEA Forecasts Show: Report
- News Corp. May Pull Content From Google Searches
- Pociask: In The Electronics War Does The Consumer Really Win?
- Trader Tax Sound Off
- If Mickey Mouse Has to Change—What Does That Say About You?
- Nov. 10: S&P Stocks Trading at New 52-Week Highs
- Playing Activision and Other Video Game Stocks: Analyst
- Expect 'At Least' Another 10-15% Upside: Fund Manager
- If Mickey Mouse Has to Change—What Does That Say About You?
- Nov. 10: S&P Stocks Trading at New 52-Week Highs
- Passive Job Search Strategies
- Back Off, Regulators!
- America Is On Sale
- Warren Buffett and the Crisis: 'Brilliant Moves Interspersed with Some Surprising Errors'
- Schork Oil Outlook: More Strength in Crude
- Treasurys Head Lower as Auction Fails to Impress
- Home Prices Decline Further In Most Parts of US
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- Credit Card Firms Squeeze Customers as Rules Loom
- 'Thriller' Art: Warhol's Jackson Work Could Net $700,000
- Health Reform Does Little to Contains Costs: Analysts
- Ponzi Proceeds: Bidding on Madoff's Toys
- Trustee Seeks Billions for Madoff Investors
- Quiz: Do You Know Your Coca-Cola Myths?
RSS FEED
Pharma's Market
Text Size 
 |
CNBC.com |
] announced after the closing bell Monday that it's buying Indevus Pharmaceuticals.[IDEV
Loading...
()
] IDEV is up big on heavy volume. It's not a huge deal, but some analysts think it's just the first in what could turn out to be a record year for hookups (buyouts and partnerships) in the biopharma sector.
A partnership announced by Merck this morning, though, is not what they're talking about. But I do find it kind of interesting as another example of the ever-expanding big pharma outsourcing trend. United Parcel Service [UPS
Loading...
()
] is taking control of two "key" Merck [MRK
Loading...
()
] distribution centers that handle the "majority" of the company's drugs and vaccines.
The move gives UPS a total of 3.5 million square feet around the world that's dedicated to healthcare products. Who knew? In addition, the press release says the agreement will save Merck money and, of course, it's all about cutting costs in big pharma these days. However, the companies didn't put a dollar value on the deal in the release.
Farewell Pharmalot
And finally, a shout out and godspeed to Ed Silverman, the Newark Star-Ledger pharma reporter-turned-blogger at www.pharmalot.com. Apparently a victim of the fast-changing media landscape, yesterday Ed posted his last entry. I will miss his take on things and the competition.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes