Trust our know-how, Fisons tells City

Article Abstract:

Fisons is seeking to fight off a bid by Rhone-Poulenc Rorer. Fisons pre-tax profit rose by by an estimated 8% to some 33 million pounds sterling for 1st half 1995, according to a forecast by Merill Lynch. The company's defense against the takeover bid emphasises its technology, especially gas propellants without CFC and its Ultrainhaler device for treating asthma. Analysts argue that profits are unlikely to be boosted for some three years by the Ultrainhaler.

Rhone-Poulenc Rorer Inc., RPR

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The breathless battle for Fisons

Article Abstract:

Rhone-Poulenc Rorer (RPR) is seeking to acquire Fisons, which argues that RPR is undervaluing the company. RPR stresses the potential of a new inhaler, and the importance of its earnings recovery. Fisons' profit is forecast to rise to 150 million pounds syerling for 1996 from 100 million pounds sterling. Other drugs companies could bid for Fisons, and they include Glaxo, Astra, Schering-Plough and Zeneca. RPR is likely to increase its offer for Fisons.

Pharmaceutical Preparation Manufacturing, Proprietary Asthma Relief Preps, Antiasthmatic agents

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Company doctor acts fast to heal Fisons

Article Abstract:

Fisons has sold its research operations to Astra and is negotiating a merger with Medeva. The company is also selling its scientific instruments division to a US firm. Fisons was seen as a possible target for a takeover. Medeva has a strong presence in the US while Fisons is stronger in Europe, Fisons' marketing division is strong while Medeva has skills in selecting drugs. Fisons needs new products to market, and a merger would bring mutual benefits.

Medeva PLC

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