Bayer AG (BAYN) agreed to buy
Algeta ASA (ALGETA), its partner
on the prostate-cancer medicine
Xofigo, for about 17.6 billion kroner
($2.9 billion) to gain control of the
drug and experimental radiation
therapies, as well as announcing
plans to expand its presence in
China.
Algeta’s board recommended the
offer unanimously, the company
said in a separate statement
Bloomberg reported.
The driver for the purchase is
Xofigo (radium Ra 223 dichloride
injection).
Another target for Bayer
is privately owned Dihon
Pharmaceutical, a Chinese
consumer healthcare company and
maker of traditional herbal Chinese
medicines (TCM).
The deal has been estimated to
be worth about $680m, Bayer told
Reuters last Thursday.The above article was sent to subscribers in Pharmacy Daily's issue from 03 Mar 14 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 03 Mar 14
THE role and significance of community pharmacy in regional areas was a key focus of discussion for the Nationals leader David Littleproud during last week’s visit to Orana Mall Pharmacy as part of a regional tour.
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