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At PSA, Executives Tout the Benefits of Scale

Even as the biggest pharmaceutical companies get bigger--and predict further consolidation to come--top industry executives advocate outsourcing more R&D.

At Windhover's Pharmaceutical Strategic Alliances meeting in September in New York, executives from large pharmaceutical companies elaborated on the benefits of size—in terms of absorbing R&D or market turbulence, generating cost savings, and enabling geographic reach.

But fittingly for a conference where the theme asked if companies can be large and small at once, much of...

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