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Danone evaluates role of chairman

October 18, 2017

The board of French food group Danone is to meet on Wednesday to discuss the future of chairman Franck Riboud at the company founded by his father. > Read the full story on the Financial Times website By Harriet Agnew Source: Financial Times

Bisaro steers Impax to $6.4B Amneal merger,

October 18, 2017

Surprise, surprise: Impax Labs, looking to bulk up amid generics pricing pressure and newly helmed by M&A specialist Paul Bisaro, has struck a deal. On Tuesday, the company said it had inked an all-stock pact to merge with Amneal in a transaction that would make..

A Google-owned Whole Foods? CEO John Mackey says he was open to such a deal

October 18, 2017

Whole Foods CEO John Mackey describes his company’s courtship with Amazon as “love at first sight,” but that didn’t stop him from casting a wandering eye at another potential suitor. “Google is an amazing company, as well. We had (a Google) executive on the Whole..

Generics squeeze forces Novartis Colorado plant to close, imperiling 450 jobs

October 17, 2017

Some drugmakers are responding to industrywide generics pricing pressure by bulking up via M&A, but not Novartis. The Swiss company’s Sandoz unit plans to scale back or nix production of some generic drugs, and as a result, it’ll close a 450-employee plant in Broomfield, Colorado,..