Alexander Groschke
Alexander Groschke
basic difficult empty partner pipeline problems search
The basic problems of an empty pipeline and a difficult partner search remain.
explained price share
The share price can only be explained by takeover speculation.
gained pressure
The pressure for consolidation is unavoidable and has gained new momentum.
both good mergers sentiment small
It makes sense because both Merck and Schering are too small to compete. Sentiment is good for mergers and acquisitions at the moment.
both small
It makes sense because both Merck and Schering are too small to compete.
companies course easier everybody lose patents products rather
A lot of the blockbuster products will lose their patents soon, so the companies are milking them for what it is worth. Of course everybody would rather have a young pipeline, but that is easier said than done.
access branded build indian market takes
This is the right market to access for an Indian company. The market is saturated with branded generics. You can build from scratch, but that takes forever.
clear marketing negative operating paid profit research
The dividend is a clear disappointment, that's a negative signal. Operating profit was also disappointing. They paid more for marketing and research and development than we anticipated.