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...The German company has become more aggressive in defence of its name in recent months and scrapped two subsidiary brands — Serono and Milipore — which were often used to distinguish it....
...Merck of Germany said on Wednesday it would continue using the Serono and Millipore brands in the US and Canada, where the broader group is known as EMD....
...In March, Merck Serono paid an upfront fee of $115m to partner with US-based Intrexon on a novel type of cancer treatment known as Car-T cell therapy, and pledged a further $826m in milestone payments, while...
...They were joined last week by Merck Serono after its co-development deal worth up to $941m with US-based Intrexon....
...A partnership with Merck Serono of Germany in November gave Pfizer access to a “cancer immunotherapy” — a promising new category of tumour-fighting drugs being developed by AstraZeneca and others....
...Among the brands is Pharmaline, which has a plant just north of Beirut manufacturing pharmaceuticals for companies such as GlaxoSmithKline and Merck Serono....
...Sanofi, Pfizer, GlaxoSmithKline, AstraZeneca, Novartis and Merck Serono have all cut back facilities and staffing in Europe in recent months, while shifting research investment to locations including Boston...
...Mr Schnee, a Swiss citizen, had most recently been based primarily in Geneva, where Merck had shifted much of its pharmaceutical centre of gravity following the acquisition of Serono in 2007....
...Jon Little has left BNY Mellon Asset Management to become chief executive of Kedge Capital, a fund management firm owned by the Bertarellis, the family behind biotech group Serono, bought by Merck in 2007...
...Mr Kley acknowledges that there are “some aspects to fix in our pipeline management”, adding that the drug was a legacy from the purchase of Serono in 2006. “We inherited a study design,” he says....
...“I started working for Serono when I was 26 [he is now 45], so I really gave a lot of my time and the best part of my life to that company and the company did well.”...
...Jeffrey Holford, senior analyst with Jefferies International in London, agrees, pointing out that ahead of Merck’s acquisition of Serono of Switzerland in 2007, its drug margins were modest....
...Mr Bertarelli, one of the richest men in Switzerland, has spent much of his time focusing on sailing since he gave up his seat as chief executive of Serono....
...Among the 18 businesses with drugs that outperformed, smaller companies did disproportionately well, including those produced by the mid-sized groups Serono of Switzerland, Procter & Gamble of the US, Eisai...
...That trumps the valuations of both Serono and Schering, the mid-sized European pharma businesses sold last year....
...His comments come after Merck said earlier this month that it was considering selling its generics arm, in a move that would help pay for its purchase of last year of Serono of Switzerland....
...“Guidance for synergies from the Serono acquisition is conservative and greater savings are possible,” the broker said. “Merck is the most undervalued stock in the sector.”...
...The deals end long searches for partners by Altana, Merck and Serono....
...Serono, Altana and Merck faced the same urgency to discover new products as “big pharma”, he said....
...Altana’s drugs business and Serono, sold to Denmark’s Nycomed and Germany’s Merck respectively, both lacked the pipelines to go it alone....
...Genzyme gained 2.7 per cent to $68.35 after it said interim results from a drug trial showed that its multiple sclerosis drug performed better than Serono’s Rebif....
...Serono hired Goldman Sachs last November to find “strategic options” for the Bertarelli family’s controlling 62 per cent stake....
...Serono shares closed at SFr973 on Friday, giving the group a market value of SFr14.8bn....
...Independent on Sunday ■Serono, the Swiss biotechnology group could launch a takeover for Shire Pharmaceuticals....
...s Serono, up 1.3 per cent to SFr796. ?Our recent analysis suggests that the rock-bottom valuation for Serono is around SFr820 - which attributes no value to Serono?...
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