Can Merck Serono Bounce Back?
Executive Summary
Merck KGAA’s $13 billion acquisition of Serono in 2006 created an unwieldy pharmaceutical organization further hobbled by expensive clinical setbacks. Seven years later, driven by new leadership, it is in the midst of an overdue transformation.
You may also be interested in...
Rossetti Sets A High Bar At Merck Serono
Once-moribund Merck Serono has hired former Merck R&D exec Luciano Rossetti to re-energize its attempts at an R&D turnaround. A deal with Pfizer for the PD-L1 inhibitor avelumab has the company off to a good re-start.
Deal Watch: Merck KGAA Boosts Pharma Unit’s Reach And Capabilities With Sigma-Aldrich Buy
Acorda buys Civitas and its Parkinson’s candidate for $525 million, ending the latter’s intent to go public. Pharmacyclics and Servier unwind their 2009 agreement to co-develop oncology drug abexinostat.
Merck KGaA Buys Sigma-Aldrich To Boost Lab Business, Expand Footprint
By buying U.S.-based Sigma-Aldrich, the German conglomerate hopes to bolster its Millipore lab business, by giving the biopharma technology, tools and service provider added depth and global reach.