Roche buys British biotech firm Piramed 15/04/2008 00:00
The Swiss drugs maker is paying CHF 159.5 million for the takeover of the British firm.
15 April 2008
BASEL - Swiss drugs maker Roche says it is buying the British biotech firm Piramed for CHF 159.5 million (US$160 million).
Roche says the move will strengthen its ability to research and develop cancer treatments.
Piramed develops treatments for cancer and immune diseases such as arthritis and asthma.
Roche's announcement on Tuesday says the takeover will be completed in the current quarter.
A further payment of CHF 15 million USD 15 million to the Slough, England-based company will be made on reaching the first target in a clinical trial for its cancer drugs.
[AP / Expatica]
0 reactions to this article
- Paedophile suspect arrested after 2-day global hunt : A 59-year-old man has been arrested in New Jersey on Thursday; two days after Interpol launched a global manhunt.
- Take a Salsa Holiday in Turkey in June. : Expatica and O'Dance Events presents a wonderful summer holiday in Belek, Turkey, in June
- Eurosceptics up in arms over ”Jurassic lark” : Eurosceptic MP David Heathcoat-Amory reacted angrily after the EU officially sanctioned a proposed project to recreate the egg of the Dodo, extinct 300 years before the union was formed.
- Koran film by Dutch Islam critic is launched on the internet : The film Fitna - critical of the Koran and made by controversial MP Geert Wilders, one of the Netherlands' most outspoken Islam critics - has been put on the internet
Advertisement
top3
- Education
- The schooling system of Switzerland explained
- All about educating your family and yourself abroad
- Special needs education in Switzerland
- Health
- Switzerland: The healthcare system, insurance and emergencies
- The psychological effects of global mobility
- What’s the best way today’s busy modern woman can stay healthy and happy?
- Survival
- Driving in Switzerland
- Banking in Switzerland
- All you need to know about Switzerland in a nutshell
internaxx
| Index | Last | Var.(%) |
|---|---|---|
| BEL 20 | 3796.33 | -0.07 |
| DAX | 7156.55 | 1.07 |
| IBEX 30 | 14124.8 | -0.43 |
| CAC 40 | 5078.04 | 0.41 |
| FTSE 100 | 6304.3 | 0.84 |
| AEX | 490.78 | 0.18 |
| DJIA | 12986.8 | -0.05 |
| Nasdaq | 2528.85 | -0.19 |
| MIB 30 | 35194 | 0.54 |
| TSX Composite | 14984.2 | 1.05 |
| ASX | 6006.1 | 0.69 |
| Hang seng | 25618.86 | 0.41 |
| Straits Times | 3241.49 | 1.06 |
also on expatica
- Life in All you need to know about life in Switzerland.
- Take a Salsa Holiday in Turkey in June. You are welcome to join us this summer for a wonderful week, June 21st - 28th, in Belek, Turkey!
- Expatica Yellow Pages Find any organisation you need with Expatica Yellow Pages!
- Share your content! Expatica is looking for readers who want to contribute regularly to our websites.
- Join the Expatica community Meet, make friends and network with other internationals just like you
- How to find English books Although many local bookshops throughout Switzerland offer small English sections, you can save time and widen the selection by ordering online.
- What is your life like as an “expat”? Share your expat experience as a panel member of the European Expat Panel
