Yesterday after coming home from office I was analyzing the phrma merger and acquisition for last year and this year first quarter, I was amazed by the numbers and their multiples, and I felt that the so called global recession has not affected the pharma companies in a major way as it has posed threat to people's job in financial and service sector such as IT.
for instance the total Pharma deal in 2008 was worth $80billion and if we just take the average per quarter it comes out to be $20billion and if we just take pharma deals happened in 2009 Q1, it's 4 to 5 time more than the deal worth which occurred in the respective 2008 Q1.
So do u feel that the recession had somewhat serious effect on global pharma deal in 2009?
Your comments are really appreciated:)
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