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Report: Pharma Deals In 1Q Exceed All 2008 Deals

Stock quotes in this article: ABT , BMY , CVTX , DNA , EYE , GILD , GSK , PFE , SAN , SGP , WYE  

LINDA A. JOHNSON

TRENTON, N.J. (AP) — The burst of drugmaker mergers announced in the first quarter is worth nearly 50 percent more than all the industry deals announced in 2008, according to a new report.

Deals in the quarter had a combined value of $166 billion, more than 10 times the value of deals announced in last year's first quarter and well over the $114 billion in deals announced in all of 2008.

That's according to a report released Monday by The Mergermarket Group of New York and London. ...

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