BusinessWeek Online - Andrew Witty, the new chief executive of giant GlaxoSmithKline , surveys the wreckage of the global financial meltdown and sees an upside. With pharmaceutical stocks at record lows, it's a good time to acquire biotech companies and other assets that could drive Glaxo's growth for years. Its midsize rival Wyeth is also on the prowl -- but there's a difference. Faced with a shrinking market valuation, new CEO Bernard Poussot may have to bulk up to ward off larger predators.
Discuss   Add this link to...  Bury

Comments Who Voted Related Links