Banc Of America Health Care Conference In Brief
This article was originally published in The Gray Sheet
Executive Summary
St. Jude on consolidation: Potential product bundling in the wake of a planned J&J/Guidant merger warrants attention from the Federal Trade Commission and European antitrust authorities, St. Jude President & CEO Daniel Starks maintained at the Banc of America Health Care Conference May 17. "We are terribly concerned by it," Starks said of the deal, expected to close in Q3. Starks acknowledged that St. Jude had previously signed a collaborative marketing pact with J&J for product bundling, but that customers were not interested...