Acquisition Accelerates AstraZeneca's Biologics Strategy
AstraZeneca (London, UK, www.astrazeneca.com) has entered into a definitive agreement to acquire MedImmune, Inc. (Gaithersburg, MD, www.medimmune.com), in an all-cash transaction.
AstraZeneca (London, UK, www.astrazeneca.com) has entered into a definitive agreement to acquire MedImmune, Inc. (Gaithersburg, MD, www.medimmune.com), in an all-cash transaction. Under the terms of the agreement, AstraZeneca will acquire all of the fully diluted shares of MedImmune common stock at a price of $58 per share, for a total consideration of approximately $15.6 billion (including approximately $340m net cash).
The combination of MedImmune with AstraZeneca’s wholly-owned subsidiary Cambridge Antibody Technology (CAT) will create a fully integrated biologics and vaccines business within the AstraZeneca Group with critical mass in research, development, regulatory, manufacturing, and global sales and marketing reach.
The acquisition extends AstraZeneca’s R&D science base to allow it to address novel drug targets through 3 key technological approaches: small molecules, biologics and, for the first time, vaccines. The deal increases the proportion of biologics in AstraZeneca’s pipeline from 7 percent to 27 percent and enlarges the total pipeline by 45 projects to 163 projects. The deal is expected to close in June 2007.
The Solution Lies with SOLBIOTE™: Achieving Sustainability, a Growing Focus in Biopharma
October 28th 2024The nexus between biopharmaceuticals and sustainability is seemingly far apart, however, it is increasingly recognized as an inevitable challenge. It is encouraged to take a sustainable approach to reducing the environmental impact of the production and supply of medicines while improving people's health; delivering the well-being of people and the planet. Yosuke Shimojo (Technical Value Support Section Manager, Nagase Viita) will unveil how SOLBIOTE™, a portfolio of injectable-grade saccharide excipients, would be a key for the biopharmaceutical development and achieving sustainability for a better future of the industry.
