Volume 87 Issue 2 | p. 27 | Concentrates
Issue Date: January 12, 2009

Crucell, Wyeth In Merger Talks

Department: Business

Dutch biopharmaceutical producer Crucell says it is "in friendly discussions with Wyeth that may lead to a combination of the two companies." The discussions are at a preliminary stage, with no certainty that they will result in a transaction, Crucell said in a statement sent to the Dutch financial authorities. According to published reports, a deal could be worth more than $1.3 billion. In 2007, Crucell rang up roughly $276 million in sales and license and service fees. It specializes in vaccines, a field that Wyeth also is active in. Crucell also licenses its Per.C6 production cell line technology for vaccine and protein production.

 
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