Archives for July 4, 2010

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Sanofi said to be planning $20bn acquisition in US

By Gareth Macdonald

Rumour has it that French drug giant Sanofi Aventis is planning to make a $20bn (€16bn) acquisition in the US with speculation that biotechs like Allergan, Biogen Idec and Genzyme are among the targets.

Abbott exploring sale of vaccines unit

By Gareth Macdonald

Abbott Laboratories has confirmed it is considering the sale of the vaccines unit it gained with the €4.5bn ($6.2bn) acquisition of Solvay Pharmaceuticals in February.

CRO Clintec opens US office

By Gareth Macdonald

The opening of a New York office will help communicate Clintec’s global reach to US Pharmaceutical according to new associate director of US business operations, Susan Pavone.