BLOOMBERG In The Loop With Betty Liu September 22, 2014
Billion. Merck announced it is snapping up Sigma Aldrich and a 17 billion deal. 7. 6 billion dollar acquisition. Hans mercks deal helps it move away from developing pharmaceuticals why is that important . This is a Company Switching midstream. I havent had a new drug approved since 2003, and merck is moving away from being a pharmaceutical company. Of theirl get 60 revenues from the pharmaceutical side but theyre moving more toward chemicals and plastic. That is what they get with sigmaaldrich. They make many of the chemicals that go into testing and drugs, they get a big footprint in the u. S...