A High-Profile Break Up
Executive Summary
The termination of PE Biosystem Group's acquisition of Third Wave Technologies has sprouted a number of unfounded rumors. But the reason seems to be what the companies initially said it was: A Department of Justice review of the merger for antitrust violations was taking longer than expected. With no end in sight to it and an uncertain outcome, the companies were losing business opportunities in a fast-moving field. Rather, they decided to continue to work together in an alliance, and have already established a joint venture that is one of the world's largest production facilities of oligonucleotides.
You may also be interested in...
Your Friend, the FTC: Nastech Solves a Knotty Anti-Trust Problem
When the FTC forced Pfizer/Pharmacia to divest Nastech's nasal apomorphine--a potential competitor of Pfizer's Viagra--Nastech managed what may be a unique solution: it got the product back, with additional financing-and in so doing, solved the very different problems of Pharmacia, Pfizer, the FTC, and itself.
Ultrahuman Expands Wearable Medtech Production Into US After $35M Funding Round
Firm operating in London, India and United Arab Emirates says its “Ultra Factory” will open in Indiana within the next six months with end-to-end production based on its operational facility in India.
Cochlear’s Osia System Receives Expanded FDA Clearance For Use In Younger Children
Kids ages 5 and up now can benefit from Cochlear’s Osia implant and sound processor, indicated for hearing loss, mixed hearing loss and single-sided sensorineural deafness.