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- Title
Merck wipes Serono off Swiss biotech map.
- Authors
Urquhart, Lisa
- Abstract
The article reports that Darmstadt, Germany-based Merck KGaA acquired Geneva, Switzerland-based Serono on September 21, 2006. Through this acquisition, Merck has achieved growth by achieving competitive scale in research and development, adding new therapeutic treatments in specialist areas and expanding its geographical reach into the U.S. This may help Merck for looking a way to alleviate its dependence on its highly cyclical liquid crystal display business.
- Subjects
MERCK KGaA; SERONO Inc.; MERGERS &; acquisitions; BUSINESS enterprises; PHARMACEUTICAL biotechnology industry
- Publication
Nature Biotechnology, 2006, Vol 24, Issue 11, p1303
- ISSN
1087-0156
- Publication type
Article
- DOI
10.1038/nbt1106-1303