Sanofi-Aventis has had to take Inyx USA to court after it failed to
deliver on a contract manufacturing and supply agreement, a
situation that Aventis feared could "seriously harm its
interests". There may be important lessons...
The US Food and Drug Administration (FDA) has slammed
Sanofi-Aventis over its failure to act on known instances of fraud
during clinical trials of its antibiotic Ketek (telithromycin) -
accusations that the firm continues to deny.
French pharmaceutical group Sanofi-Synthelabo on Friday formally
announced the birth of Sanofi-Aventis, the world's third-largest
pharmaceutical company, ranking number one in Europe.
Switzerland's Novartis has decided to withdraw from any
negotiations with Aventis over a possible merger, after official
discussions with the latter and fellow French-based company
Sanofi-Synthelabo got underway.
France's Sanofi-Synthelabo has announced plans to sell two of its
products to GlaxoSmithKline in a deal which forms part of its
strategy to take over Aventis.
Switzerland's Novartis has confirmed that it is interested in
joining with Aventis, but will not proceed with a formal bid unless
the French government draws back from its hostile stance on a
link-up, reports Phil Taylor.
Switzerland's Novartis has confirmed that it is in discussions with
Aventis which could lead to a counter-offer to fend off the hostile
takeover bid from France's Sanofi-Synthelabo.
Aventis could hang on to its 15 per cent stake in chemicals company
Rhodia under the terms of a new agreement with the European
Commission. The company will instead sell off its 49 per cent stake
in Wacker Chemie over the next several...
Sanofi's hostile bid for larger French rival Aventis may have been
rejected, but there are a number of arguments in favour of a link,
according to analyst Nicole Lamble at market research firm
Datamonitor.
French pharmaceutical company Sanofi-Synthelabo has launched a
hostile takeover bid for its larger rival Aventis, in a move which
would create a top three drug major.
Aventis has licensed a drug for Alzheimer's disease and other forms
of dementia from Japan's Dainippon; AC-3933 is claimed to have a
completely novel mechanism of action.
Franco-German drugmaker Aventis and Germany's Bayer have agreed not
to pursue their plans to create a joint venture in the field of
biological products.