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
NEW data from the Australian Institute of Health and Welfare has revealed around 43% (or 8.5 million) of Australians aged 16-85 have experienced a mental disorder at some point in their lives.
THE Pharmacy Guild of Australia has formally expressed its concerns regarding the potential merger between Sigma and Chemist Warehouse (PD 07 Dec 2023) to the Australian Competition and Consumer Commission (ACCC).
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