My mind sometimes works in strange and mysterious ways. I was reading Fierce Biotech this morning and saw that Chris Viehbacher indicated that Sanofi will spend up to $2.6 B on acquisitions next year -- at least that is the budget for a more limited "string of pearls" strategy.
But I had to smile when he was quoted in the article as saying, "The trick in M&A is to go find something not everybody is looking at."
I will now dub this, in homage to Wee Willie Keeler, the "Buy 'em where they ain't" strategy.
Posted by Bruce Lehr Jan 12th 2012.