As one of India’s earliest entrepreneurial companies to stop the march of multinational drug companies, does the sale mark an end of era in pharmaceutical industry.I don't understand this whole "patriotic" angle to Ranbaxy junta selling of their stake. The media has made it into a "Indian MNC" is "bought out" by Japanese firm and its a "Blow" to the Indian Industry.
Yeah, we do feel proud when our Tatas bought out Corus and likes. Somehow we likened it to the kind of frenzy we have for Cricket. The way our people were happy when we won Pakistan in cricket when the Kargil war was going on.
But how stupid can the media get? I thought its a blow to the Singh's only if the valuation they sold it for or something like that did not make sense.
Firstly, Malvinder's logic was simple. He did not see how the firm will grow comfortably beyond 2012. He was not confident. Now this logic must have been attacked. Maybe one could have thought if Malvinder was not the CEO and someone else became, can it add more value to the shareholders and likes.
Secondly, there should be more discussion on the price paid.
Instead there are really stupid ideas given by these newspapers as if the owners committed some crime and let down India in the global arena.
Yuck.
1 comment:
I suppose if some new discovery is made or a new drug invented , the IP would belong to Daiichi and not Ranbaxy. That way India's IP base has suffered a blow perhaps.
As a business , it does not matter, after all a company is like another item that can be shopped.
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