Anonymous
Guest
Anonymous
Guest
Regarding the $6 billion acquisition of Imclone, as you said, the Erbitux revenues are modest and I suspect that unless ramucirumab pans out there is not much there in the way of new products. As far as AME 10 years later we have nothing to show for it other than a continual cash drain. For the money we have wasted we could have acquired real drugs.
By way of example, Abbott bought Humira (by acquiring Knoll for 7 billion) and now have 9 bilion dollar/year (!) drug. Amgen got Enbrel (by buying Immunex for 11 billion) which is doing about 5 billion/year now. By comparison the 400 million or so we are getting from Imclone is a puny return considering the original 6 billion dollar price tag.
Just my take
But the builiding in San Diego is SUPER-COOL--it's got solar-powered urinals!! Very low carbon footprint....with a very HIGH Ca$h burn.