Ending nearly eight months of negotiations, Roche and Genentech agreed yesterday on a price of $95 per share in cash (approximately $46.8 billion) for Roche to acquire the 44% of Genentech it doesn’t already own. Read more »

It’s déjà vu all over again. Little more than a month after Pfizer (New York) announced that it would acquire Wyeth (Madison, NJ), Merck (Whitehouse Station, NJ) and Schering-Plough (Kenilworth, NJ) have unveiled their own merger agreement. The combined company will be called Merck and be based in Whitehouse Station, New Jersey. Schering-Plough CEO Fred Hassan will help during the merger, but Merck’s CEO Richard Clark will lead the combined company. Read more »

Pfizer’s pending $68-billion merger with Wyeth has raised the question on possible suitors in another merger among the pharmaceutical majors. A recent article in the New York Times gained the input of Wall Street analysts, who speculate that Merck, Sanofi-Aventis, and Johnson & Johnson may be next in line to seek acquisitions among their Big Pharma brethen or in select biotechnology companies. Read more »

Healthcare has been a focus of the 2008 presidential campaign, and Senator Barack Obama (D-IL) has often mentioned the need to reduce healthcare costs. He has proposed measures such as investing in health information technology, prevention, and care coordination to ease the financial burden on families. But the government should also use its influence to ensure that Medicaid and Medicare pay reasonable, or discounted, prices for drugs. A recently concluded lawsuit in Missouri demonstrates the need for oversight. Read more »

I’m not an astrologist, but sometimes you have to wonder whether plans were hatched under a bad sign. It certainly seems that way for “Vytorin,” a cholesterol-lowering drug that combines simvastatin and “Zetia.” The drug, introduced by Merck and Schering-Plough, has suffered damaging revelations. Read more »