M&A Boom Seen in 2014 as Drug Hunt Spurs Biotech Deals

From here:

http://www.bloomberg.com/news/2014-01-10/m-a-boom-seen-in-2014-as-drug-hunt-spurs-biotech-deals.html?cmpid=yhoo

That’s against a backdrop of patent expirations at some of the industry’s biggest companies. More than $60 billion in revenue was lost by the pharmaceutical industry to cheaper generic competition from 2010 to 2012, according to research by analysts at Bloomberg Industries. Another $50 billion may be lost in the next five years.