Contract services' crystal ball: developments in 2002 such as acquisitions, excess manufacturing capacity, and less funding for biotechnology will continue to affect the industry long into the new year

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Contract services' crystal ball: developments in 2002 such as acquisitions, excess manufacturing capacity, and less funding for biotechnology will continue to affect the industry long into the new year
Miller, Jim
2/1/2003
Biopharm International
As we enter the new year, a number of developments from 2002 will continue to shape the contract services industry and will likely generate headlines in 2003:
Quintiles buyout effort. Dennis Gillings, founder and chairman of Quintiles (www.quintiles.com), failed in his effort to buy the company back from public shareholders, but the aborted buyout will result in substantial change at the company. The investment banking firm Morgan Stanley has been engaged to investigate strategic alternatives, which could include an outright sale or, more likely, a restructuring that will ...
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