Access

Business

Nature 447, 131 (10 May 2007) | doi:10.1038/447131a; Published online 9 May 2007

Open Innovation Challenges

naturejobs

Cheap at any price?

Top

As AstraZeneca shells out $15 billion for a mid-sized US biotech firm, Heidi Ledford reports on the startling cost of staying in the drugs business.

When MedImmune, a Maryland biotechnology company, announced on 12 April that it was looking for a buyer, market watchers were unsurprised. Shareholders had long been calling for just such a sale as the best remedy for the company's poor stock performance and sluggish revenue growth — and rumours of an impending deal were already doing the rounds.