U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a $101 billion takeover, Britain's Sunday Times reported.
The paper cited senior investment bankers and industry sources saying that informal conversations about a deal had taken place between the two.
IS THIS THE START OF MERGERS & ACQUISITION CYCLE FOR BIG PHARMA AND/OR BIOPHARMA?
IMHO, this is going to have serious positive impact on GILD stock price from Tuesday onwards!!!