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Business: Drugmakers in deal frenzy seek to be first, best or gone

Source: Bloomberg

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Do a few things, and do them well. That's the strategy the drug industry is following in a wave of deals where small companies are getting bigger and the big ones are getting smaller. An industrywide recalibration that has been building since 2011 reached a peak this week with a flurry of activity by Pfizer Inc., GlaxoSmithKline Plc and Valeant Pharmaceuticals International Inc.

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