Roche to acquire Austrian next-generation antibody firm Dutalys
Swiss pharma giant Roche (ROG: SIX) has agreed to acquire Dutalys, a privately held biotechnology company based in Vienna, Austria, in a deal that could cost it as much as $489 million. Unusually for a buying company, Roche’s shares gained nearly 3.5% to 288.70 Swiss francs on the news yesterday, although it dropped back this morning.
Under the terms of the accord, Roche will make an upfront cash payment of $133.75 million to shareholders and make additional contingent payments of up to $355 million based on the achievement of certain predetermined milestones.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Today's issue
Company Spotlight
More Features in Biotechnology
| Headless Content Management with Blaze