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Germany's Merck plans divestment of biosimilars business

Merck has a strategic alliance with India's Dr Reddy's Labs to co-develop multiple cancer drugs

BS B2B Bureau  |  Darmstadt, Germany 

Merck KGaA, the German firm that specialises in chemical, pharmaceutical and life sciences sectors, is planning to divest its biosimilars business. “Merck is in advanced stages of negotiations to divest the biosimilars business and the transaction is expected to close in 2017,” said the company in its 2016 annual report. Biosimilar unit comes under Merck’s healthcare business vertical, which also comprises biopharma, consumer health and Allergopharma businesses. Biosimilars are a small, but fast-growing part of the pharmaceutical market. In 2016, biosimilars ...

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Germany's Merck plans divestment of biosimilars business

Merck has a strategic alliance with India's Dr Reddy's Labs to co-develop multiple cancer drugs

Merck has a strategic alliance with India's Dr Reddy's Labs to co-develop multiple cancer drugs Merck KGaA, the German firm that specialises in chemical, pharmaceutical and life sciences sectors, is planning to divest its biosimilars business. “Merck is in advanced stages of negotiations to divest the biosimilars business and the transaction is expected to close in 2017,” said the company in its 2016 annual report. Biosimilar unit comes under Merck’s healthcare business vertical, which also comprises biopharma, consumer health and Allergopharma businesses. Biosimilars are a small, but fast-growing part of the pharmaceutical market. In 2016, biosimilars ... image
Business Standard
177 22

Germany's Merck plans divestment of biosimilars business

Merck has a strategic alliance with India's Dr Reddy's Labs to co-develop multiple cancer drugs

Merck KGaA, the German firm that specialises in chemical, pharmaceutical and life sciences sectors, is planning to divest its biosimilars business. “Merck is in advanced stages of negotiations to divest the biosimilars business and the transaction is expected to close in 2017,” said the company in its 2016 annual report. Biosimilar unit comes under Merck’s healthcare business vertical, which also comprises biopharma, consumer health and Allergopharma businesses. Biosimilars are a small, but fast-growing part of the pharmaceutical market. In 2016, biosimilars ...

image
Business Standard
177 22