Archives for May 12, 2009

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Encorium to sell US and Finnish units

By Gareth Macdonald

CRO Encorium has unveiled plans to sell both its US business and its Finnish subsidiary Encorium Oy just weeks after posting a gloomy set of Q1 financials dominated by a 15 per cent drop in net revenues.

Sanofi invests €350m in dengue fever facility

By Nick Taylor

Sanofi-aventis is has made its largest ever investment in its vaccine capacity, using €350m ($479m) to construct a dengue fever vaccine manufacturing plant in France.

PDI’s losses mount in Q1

By Nick Taylor

PDI posted a larger operating loss in Q1 2009 than in the previous year, with the company blaming the decline on the expiration, termination and postponement of contracts.