Merger and acquisition has always been a great strategy to deal with research and development concern. In global pharmaceutical market there are hundreds of companies working. Research and Development (R&D) is a key function of pharmaceuticals to retain in the market. Pharmaceutical companies spend a huge amount of money on Research and Development to bring the effective drugs to the market. Pharmaceutical companies are highly regulated as the companies are highly sensitive in nature of work. The products of pharmaceuticals are commonly related to health and care so that the regulations on price control are most important to keep in consideration by the industry. Narayanan, Tribbitt, & Douglas (2011) stated that the most important regulations of pharmaceutical industry are price control, control on patent protection and assurance of drug approval.