Listen: Bristol Myers, Bristol Myers Squibb, Edwards Squibb discussed on Wayne Cabot and Paul Murnane
"Bristol Myers is buying cell to get its cancer and heart disease drugs. They were both interested in merging because of setbacks on development of some of their other new drugs now, fortunately, the economy's been strong enough to absorb many employees who leave or who get laid off many say they get a new job quickly. But many of the thousands of Verizon managers who took the buyout late last year. Looking for jobs. I'm told some have been calling contacts. Asking if they need help part-time short-term drug industry. Mergers are not unusual Bristol Myers merged with squib in one thousand nine hundred eighty nine. Bristol Myers Squibb were all people Edwards Squibb founded squib in Brooklyn in the late eighteen hundreds and he was an early advocate for clean, high quality production standards in the then fledgling pharmaceutical industry as part of today's deal. Bristol Myers Squibb will also get access to new therapies being developed by Juno pharmaceuticals because cell gene while Juno for nine billion dollars last year. Bristol myers. Seventy four billion dollar purchase of cell, gene. Today is the largest drug industry deal after Pfizer's purchase of water Lambert. The biggest US merger ever was still the disastrous merger of AOL and Time Warner for one hundred sixty five billion dollars in two thousand. I'm Joe Connolly for Bloomberg and WCBS NewsRadio. Eight eight yesterday nine."