Shire sells cancer treatment business for $2.4bn

Shire sells cancer treatment business for $2.4bn
 

Pharmaceutical giant Shire is raising $2.4bn (£1.7bn) by selling its cancer treatment unit to France's Servier.
The sale comes just weeks after Japan's Takeda Pharmaceutical said it was considering a takeover bid for Shire.
Shire says the sale of the oncology business was initiated in December and is unrelated to the possibility of a takeover bid.
The company said it may also sell other assets that it judges as not central to its business.
"While the oncology business has delivered high growth and profitability, we have concluded that it is not core to Shire's longer-term... read more

 
Monday, 12:14 in Business, Views: 55
Source: BBC
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30