GERMANY: PHARMACEUTICAL INVESTMENT BY BRAUN

Article Abstract:

The German Melsungen-based company B. Braun Melsungen AG is spending DM 300mn on the construction of a new pharmaceutical plant in Melsungen. Construction start is scheduled for spring 2002. The project will create about 300 new jobs. Within a job security package, the 4,000 or so staff have committed themselves to 520 hours of overtime over a 5-year period.

Germany, B. Braun Melsungen AG

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US: NOVARTIS INVESTING IN EAST HANOVER

Article Abstract:

Novartis Pharmaceuticals Corp., which is concentrating its activities in New Jersey at its headquarters in East Hanover, is selling its plant in Summit to Schering-Plough. Novartis is to make investments of US$ 100mn in expanding infrastructure and research and development capacities at East Hanover by 2003.

Asset sales & divestitures, Novartis Pharmaceuticals Corp., Schering-Plough Corp.

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SWITZERLAND/US: WYETH-AYERST DRUG TO ARES-SERONO

Article Abstract:

Wyeth-Ayerst Pharmaceuticals, a subsidiary of AHP, has sold the exclusive marketing rights for Crinone to Ares-Serono SA of Geneva, Switzerland. Crinone, a vaginal progesterone gel against infertility that was originally developed by Columbia Laboratories, has been cleared for the US, UK and German markets.

Switzerland, Pharmaceutical Preparation Manufacturing, Strategic alliances, Pharmaceutical Preparations, Wyeth-Ayerst Pharmaceuticals, Ares Serono S.A.

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