Tuesday, April 15, 2008

Roche buy Piramed

Swiss pharmaceutical group Roche said Tuesday it would buy British pharmaceutical company Piramed for $160 (101 million euros), a move it said would boost its oncology and inflammatory disease activities.

In addition, Roche will pay $15 million when Piramed's oncology programme starts phase II clinical trials.

Completion of the deal is expected during the second quarter of 2008, said Roche.

Source

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