Bayer to pay $2.96 billion to buy Roche's consumer-health unit

Article Abstract:

The sale of Roche Holding AG's consumer-health unit to Bayer AG will boost Bayer's existing non-prescription drug portfolio to create a combined product that will represent one of the top three non-prescription drug business in the world. In a separate deal, Roche is selling GlaxoSmithKline PLC the rights to market the prescription-free version of its obesity drug Xenical.

United Kingdom, Alliances, partnerships, Licensing/Sales Agreements, Holding companies, Licensing agreements, Company licensing agreement, GlaxoSmithKline PLC, Xenical (Medication), Orlistat

---

Novartis launches buyback of shares

Article Abstract:

Despite a planned share buy-back program valued at approximately three billion Swiss franc s, pharmaceutical company Novartis AG says it will continue to monitor the market for possible takeover opportunities. Companies in which Novartis has recently shown interest include Aventis SA and Roche Holding AG.

France, Securities issued, listed, Novartis AG, Securities, Investor relations, Company securities, Aventis S.A., AVE, NVTSY

---

Bayer wins control of Schering

Article Abstract:

Bayer AG of Germany has succeeded in its merger with Schering AG also of Germany. The pharmaceutical giant is to acquire the 21.8 percent stake Merck KGaA of Germany has in Schering AG. Merck KGaA was a rival bidder for Schering AG.

CHEMICALS AND ALLIED PRODUCTS, Chemical industry, Schering AG, Merck KGAA, Pesticides industry, Herbicides, Sulphur industry

Similar abstracts:

• Abstracts: Telefonica to invest $3.8 billion in its brazilian holdings in 1999. Charges filed against chief of Telefonica
• Abstracts: Burgers and beer win out. Save the country, lose the money. Terrorist arrest
• Abstracts: UK practices top the optimism list when considering their future prospects. Boxing clever
• Abstracts: Multi-period capacity expansion for a local access telecommunications network. New formulations and solution procedures for the hop constrained network design problem
• Abstracts: Madness in their method. Cambodia: killing shame. The brothers' new father

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.