There have been some big positives already.
Michael Krensavage
They are going to focus on pharmaceuticals. It's what they do best.
focus
big
All this consolidation could rekindle talks between everybody.
It has been very difficult for Pfizer to develop drugs. It has suffered disappointment after disappointment.
drugs disappointment difficult
You have to wonder how significant the problems are if they're withdrawing their guidance for 2006 and 2007.
problems guidance
Somebody had to pay the price for the HBOC acquisition
acquisition price
Basically, Viagra last year helped inflate expectations for the pharmaceutical group and it's made it more difficult for the drug companies this year to live up to expectations
live expectations difficult made
There were people who tried Viagra and the next morning called their brokers,.. Now, reality is setting in.
people reality morning
Potentially, you're looking at a company that has very little revenue growth for the next few years because of patent expirations
growth company
With all the price competition [in generics], we're likely to see more consolidation.
competition price
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