Tag Archive | "spin-out"

Reckitt Benckiser spins off its pharmaceutical division

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Reckitt Benckiser, the consumer goods giant that makes Nurofen and Dettol, plans to spin off its US-based pharmaceutical business.
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Biotech rumour mill has it that Siemens plans for a spin off

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Rumour mill has it that Siemens is reportedly investigating a spinout of its Siemens Healthcare division's IT unit, which could be worth more than $1 billion. Read the full story

Big Pharma, Baxter International, plans to split itself in two

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Big Pharma, Baxter International announced plans to create two separate, independent global healthcare companies -- one focused on developing and marketing innovative biopharmaceuticals and the other on life-saving medical products. Read the full story

Merck & Co to follow in the footsteps of its biggest rival, Pfizer

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Merck & Co considering a break off of their animal-health and consumer product division, which could boost their share hold value by $50 billion. Read the full story

Bigpharma spinouts expected to gather pace

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A new generation of drug industry chief executives is stepping up plans to restructure their businesses by divesting slower-growing and maturing operations, opening up new opportunities for deal-makers Read the full story

NovaQuest pharma deals for $80 million private placement financing

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NovaQuest Capital Management has closed pharma deals on $80 million in private placement financing. Read the full story

Is GlaxoSmithKline readying to spin off older products?

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The announcement that GSK intends to create a separate division around its mature brands sparks spin off speculation Read the full story

Scottish univs backs financing for VC fund

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Three Scottish universities have agreed  in a new financing of £50m Edinburgh-based venture capital fund designed to fund fledgling life science companies spun out of academia across the UK Read the full story

Big Pharma Merck Serono spins out Parkinson’s specialist from Geneva site

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Merck Serono, a top big pharma company announced the creation of Prexton Therapeutics, the first spin-off company resulting from its Entrepreneur Partnership Program launched in April 2012.

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Is biomedical innovator Biomet spinning out its dental division?

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Biomet, a biomedical instrument manufacturer decides to explore options for spinning out its 3i dental devices division, following Abbott's lead and Goldman Sachs' advice to another device maker Read the full story

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