Big pharma has lost its way

May 03 2013

MSN Money

Unlike biotechs, many companies are pouring money into share buybacks -- instead of their long-term pipelines.

If you want to do basic research to develop all new molecules to conquer diseases that can't easily be conquered, chances are you'll have to hire Charles River Laboratories to do the testing. This company can do it faster and more cheaply than anyone else can. It is the acknowledged leader, and no one can dispute that.

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