Single Drugmakers Seek Rich Partners

Big Pharma is in the need of a bailout. Thankfully, Pfizer(PFE Quote), Merck(MRK Quote) and Schering-Plough(SGP Quote) aren't piling into private jets and flying down to D.C. for a public handout.

What the big drug companies should be doing is spending a lot more time around Boston and San Francisco, doling out the cash they do have to smaller biotech firms in need of the green stuff. In exchange, Big Pharma firms get what they desperately need: new drugs to fill the gaping holes that cheaper, generic drugs have created in their pipelines.

By my count (and with the help of a database maintained by BioMedTracker), more than 60 biotech and small drug companies are conducting clinical trials on unpartnered drugs at this time. Surely, some of these companies, not all, will become either alliance or takeover targets for Big Pharma in the next year. ...