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‘The blockbuster deals of days gone by year imply that some larger businesses will be integrating operations while buyers search for small, strategic deals that mass up pipelines.’ Actually, lack of capital and restricted access to credit will push smaller sized companies toward buyers. ‘The majority of deals this past year involved smaller companies under distress, and that trend sometimes appears by us continuing into following year,’ Richardson said. Merck CEO Richard Clark was quoted by The Wall structure Road Journal on the heels of closing the Schering-Plough merger as saying that another blockbuster offer is off the table – – but a smaller biotech acquisition is not unthinkable.