Archives for December 4, 2007

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Covance divests cardiac unit

By  Kirsty Barnes

Covance has announced the $35m sale of its electrocardiogram (ECG) unit in order to focus on its core businesses.

CMC buys Lilly/ICOS facility

By  Staff Reporter

Denmark-based CMC Biopharmaceuticals has snapped up Eli Lilly's recently acquired biologics facility for an undisclosed amount.

Bruker buys Bruker in cash and stock deal

By  Dr Matt Wilkinson

Bruker BioSciences is to acquire the affiliated, but privately-held Bruker BioSpin group for $914m (€620m) in a bid to expand its distribution capabilities and increase its customer base.

Medgenics gets (bio)pumping

By  Katrina Megget

Medgenics' Biopump could be the solution to the issues surrounding protein therapy and is set to take on the $51bn US biopharmaceutical market after raising £3.28m ($6.76m) in funding in its Initial Public Offering.