Monster merger

时间:2019-03-07 07:20:01166网络整理admin

After a stormy courtship lasting two years, Britain’s two biggest drugs companies have finally agreed to tie the knot and create the world’s largest pharmaceuticals company. Glaxo Wellcome and SmithKline Beecham plan to merge to form Glaxo SmithKline, a monster with a research and development budget of £2.4 billion. A key reason for the merger is to speed up the development of new drugs by unravelling the genetic causes of diseases. Both companies say that job losses are inevitable,