Week of July 2, 2012: GSK Extends Deadline for Tender Offer to Acquire Human Genome Services; Sartorius Opens New Filter, Aseptic-Bag Production Facility in Puerto Rico; and More - Pharmaceutical

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

Week of July 2, 2012: GSK Extends Deadline for Tender Offer to Acquire Human Genome Services; Sartorius Opens New Filter, Aseptic-Bag Production Facility in Puerto Rico; and More

ePT--the Electronic Newsletter of Pharmaceutical Technology

GlaxoSmithKline (GSK) has extended its tender offer to acquire all of the outstanding shares of Human Genome Sciences (HGS) for $13.00 per share in cash to 5:00 pm EST on July 20, 2012. GSK’s tender offer will expire after July 16, the deadline set by HGS for submission of definitive acquisition proposals in its strategic alternatives review process which began on Apr. 19, 2012, after GSK made a private proposal on Apr. 11. Read More

Merck & Co. and AstraZeneca have agreed to amend their option agreement related to their partnership known as AstraZeneca LP (AZLP), which concerns Merck’s interest in the AstraZeneca gastrointestinal drugs Prilosec (omeprazole) and Nexium (esomeprazole). The updated agreement provides that AstraZeneca will not exercise its option to acquire Merck’s remaining interest in AZLP in 2012, and provides AstraZeneca a new option to acquire Merck’s partnership interest in June 2014. Read More

Sartorius has officially opened its new filter and aseptic-bag production facility for biopharmaceutical applications at its site in Puerto Rico. The company invested approximately EUR 16 million ($20.2 million) into the expansion of its production capacity in Puerto Rico. Covering an area of 5000 m2 (53,820 ft2), the new building complex provides space for two new cleanrooms for filter and bag manufacture, laboratories, and offices. By the end of the 2012, bag-manufacturing operations will be moved from the company’s present site in Concord, California, to Yauco, Puerto Rico. There, Sartorius has added about 120 new employees and thus nearly doubled its workforce at that location. The Concord site is due to close by the end of 2012. Read More

A roundup of additional company and people news from pharmaceutical and biopharmaceutical companies, their suppliers, and contract-service providers. Read More

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
FDASIA was signed into law two years ago. Where has the most progress been made in implementation?
Reducing drug shortages
Breakthrough designations
Protecting the supply chain
Expedited reviews of drug submissions
More stakeholder involvement
Reducing drug shortages
30%
Breakthrough designations
9%
Protecting the supply chain
39%
Expedited reviews of drug submissions
9%
More stakeholder involvement
13%
View Results
Jim Miller Outsourcing Outlook Jim Miller Health Systems Raise the Bar on Reimbursing New Drugs
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerThe Mainstreaming of Continuous Flow API Synthesis
Jill Wechsler Regulatory Watch Jill Wechsler Industry Seeks Clearer Standards for Track and Trace
Siegfried Schmitt Ask the Expert Siegfried SchmittData Integrity
Sandoz Wins Biosimilar Filing Race
NIH Translational Research Partnership Yields Promising Therapy
Clusters set to benefit from improved funding climate but IP rights are even more critical
Supplier Audit Program Marks Progress
FDA, Drug Companies Struggle with Compassionate Use Requests
Source: ePT--the Electronic Newsletter of Pharmaceutical Technology,
Click here