Bayer expansion plan

March 3, 2014

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

Other recent headlines

LGP results set it for growth
Thursday | Apr 18 2024

LITTLE Green Pharma (LGP) has announced yesterday strong results for the fiscal quarter ending 31 Mar.

On-site experts in aged care facilities
Thursday | Apr 18 2024

RESPONDING to the findings from the Royal Commission into Aged Care Quality and Safety, a recent government initiative aims to improve medication management in residential aged care facilities by introducing on-site pharmacists.

Pharmacist invention seeks US patent
Wednesday | Apr 17 2024

RESEARCHERS at Charles Darwin University (CDU) are advancing a novel drug delivery system that could potentially eliminate the need for injections to treat various chronic diseases.

SEARCH PHARMACY DAILY

Featured video
MORE VIDEOS

Recent issues

PD for Thu 18 Apr 2024
PD for Wed 17 Apr 2024
PD for Tue 16 Apr 2024
PD for Mon 15 Apr 2024
PD for Fri 12 Apr 2024
SEE MORE ISSUES

INDUSTRY JOB VACANCIES

Pharmacist in Charge – SA
Pharmacist Manager – WA
Compounding Pharmacist – Melbourne
Pharmacist in Charge – QLD North
Pharmacist – Sydney North
SEE MORE JOBS

Pharmacy Daily is Australia's favourite online publication dedicated to the pharmacy industry. The publication launched in March 2007 and is distributed every day by email to pharmacists across the country.

PHARMACY DAILY NEWS
Headlines

Jobs

New Products

Events Calendar

FEEDS
News Items RSS feed

PD Issues RSS feed

All content RSS feed

Content & Media
Pharmacy Daily TV

OUR SITES
Sitemap

Travel Daily

Travel Bulletin

Cruise Weekly

Business Events News

Pharmacy Daily

ADVERTISE WITH US
Advertise in Pharmacy Daily

Privacy

ADMIN
Log in

SUBSCRIBE
Sign up for FREE

Subscription Information

"Water, air, and cleanness are the chief articles in my pharmacy." - Napoleon Bonaparte

Copyright © 2018 Pharmacy Daily

Subscribe to Pharmacy Daily now!

FREE Pharmacy Daily subscription - never miss another story!

Name*
First Last
Email*

Profession
Company

Address
City State / Province / Region ZIP / Postal Code Country

By submitting this form I hereby certify that I understand that Pharmacy Daily is a publication for health professionals.
Comments
This field is for validation purposes and should be left unchanged.

to top

Pharmacy Daily | Bayer expansion plan

Bayer expansion plan

Other recent headlines

LGP results set it for growth

On-site experts in aged care facilities

Pharmacist invention seeks US patent

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES