Merck buys stake in U.S. biotech firm; drug maker bets on experimental therapies
Article Abstract:
Merck KGaA announced its purchase of a 57% stake in Lexigen Pharmaceuticals Corp., but did not disclose price or terms. Lexigen is a Lexington, Mass.. firm with anticancer therapies that will help Merck's new drug pipeline. Concern is always the cheap generics that pillage profits. Merck's Glucophage will face fate that at the end of 1999. Merck, though, makes generics itself.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Merck sells stake in marketing deal for 870 million euros
Article Abstract:
Germany-based pharmaceutical maker Merck agreed to sell its 50% stake in a troubled diagnostics venture to Italy-based privately held Bracco Group for 1.7 billion marks (870 million euros).
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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