The Billion Dollar Battle: Merck Versus Glaxo Matthew Lynn
This is a comprehensive business survey of the medical drugs industry, the world's most profitable business. With annual sales of 120 billion dollars, it is bigger than the automobile industry. The pharmaceuticals business is dominated by two companies. Glaxo of Britain makes profits of a billion pounds a year; and Merck of America has been voted for the last three years the most admired company in the "Fortune" poll of international businessmen. Their story illuminates the direction of big business as it draws close to the 21st century. The book features interviews with Sir Paul Girolami of Glaxo and Roy Vagelos of Merck, both highly-respected chief executives.