265

What’s a company that objectively improved after it got “bought out?” (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by ch00f@lemmy.world to c/asklemmy@lemmy.world

258 comments fedilink hide all child comments

Everyone knows the tale of Brand X getting bought out by some faceless global conglomerate and going to shit, but does the opposite ever happen?

you are viewing a single comment's thread
view the rest of the comments

[-] frosty99c@midwest.social 10 points 1 year ago* (last edited 1 year ago)

Maybe medical? Like, Bio-Ntech designed the COVID vaccine, Pfizer bought it and could wrap up the phase 3 trials and then scale production?

So, they didn't actually make the product better, but they probably made it viable sooner than if they hadn't bought it?

But that is kind of the normal process for the medical industry at this point..start ups developing new medicine and then shopping it to Big Pharma for buyouts or funding

[-] ElZoido@kbin.social 18 points 1 year ago

Pfizer did not buy BioNtech. They just got a production licence.

[-] frosty99c@midwest.social 2 points 1 year ago

Oh interesting! I didn't realize that. I work tangentially with pharma start ups and development and just assumed they were bought out. I've seen that happen enough times that it felt expected. Thanks for the clarification!

[-] EchoCranium@lemmy.zip 1 points 1 year ago

I don't think Phizer did anything to make the vaccine better, just more available. Their size makes it possible to do things at larger scale. Phizer has pretty much given up on doing any R&D and now just buys up smaller innovative companies. They extract out any patents and other IP they want, and move on. I work in pharma, and everyone I know who's worked for them in the past has a story about how Pfizer came in, bought their facility, then shut the doors within a couple years. Definitely didn't make the lives of all those workers better, who had to uproot their families and find new jobs elsewhere.

this post was submitted on 30 Sep 2023

265 points (96.8% liked)

Ask Lemmy

26980 readers

495 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try !politicaldiscussion@lemmy.world

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.

Reminder: The terms of service apply here too.