Akzo Nobel selling Organon to Schering-Plough
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Dutch chemical group Akzo Nobel NV   said on Monday it is selling its  pharmaceutical unit Organon BioSciences to Schering-Plough   for 11 billion euros ($14.5 billion).
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Schering-Plough Corp. SGP.N on  Thursday reported a quarterly profit after a year-ago loss, as  positive foreign exchange trends helped offset poor sales of  its allergy and hepatitis drugs.
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AKZO Nobel, the Dutch chemicals group, said yesterday it will start bookbuilding for the flotation of its Organon BioSciences drugs unit on Monday and expects share trading to start on March 27.
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Consolidation in Europe's drugs   sector gathered steam on Thursday as Germany's Merck unveiled a   $13.3-billion deal to buy Europe's top biotech firm Serono, and   Denmark's Nycomed won the drugs unit of Altana.
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Bayer forged an alliance for its struggling pharmaceuticals business with American drug manufacturer Schering-Plough yesterday, cutting costs and marking another step in the German company&#39;s transformation.
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Carl Icahn, the billionaire investor who recently helped put Biogen Idec Inc. in play, has taken a stake in another major Cambridge biotech - Genzyme Corp.
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The pharmaceutical sells European rights to a promising asthma drug.
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Schering gets an expanded label and begins marketing another drug overseas.
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Human Genome Sciences could see more than $180 million from a new deal with drug maker GlaxoSmithKline. Glaxo has acquired exclusive rights to an experimental drug called Albugon, which Human Genome Sciences
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German and Swiss drug makers Schering and Novartis are developing a new anti-cancer drug with annual sales potential of up to two billion euros (2.7 billion dollars), Schering chief Hubertus Erlen said.
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German chemical and drug maker Bayer AG announced Monday it has entered a strategic alliance with the Schering-Plough Corporation that will have the New Jersey-based company market and distribute Bayer&#39;s primary care pharmaceutical products in the United
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The Nobel Prize for Chemistry is awarded to Roger Kornberg for work on protein synthesis.
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Akzo Nobel  said on Monday it was selling its drugs unit Organon BioSciences to Schering-Plough  for 11 billion euros ($14.5 billion), dropping plans to float it in a public share offer.
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Drug maker Schering-Plough Corp  on Tuesday reported a fourth-quarter loss as special charges from its acquisition of Organon Biosciences late last year offset sharply higher sales.
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The Schering-Plough Corporation has agreed to pay $435 million and plead guilty to conspiracy to settle charges of marketing drugs for unapproved uses and overcharging Medicaid.
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Akzo Nobel is selling Crown Paints as one of the conditions for its acquisition of ICI, which owns Dulux.
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A new strategy aiming to attract global investment in the field of life sciences is launched.