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J&J features $59 billion inside the safe firepower when you’re Roche has $sixty billion. Stifel’s analysis of your greatest 18 pharmas are computed considering EBITDA (earnings ahead of desire, taxes, depreciation, and you will amortization) and you may points in the internet loans that would be taken on. Stifel talks of “expand firepower” and you can “comfy firepower” considering computations away from EBITDA and you may online personal debt ratios.
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