IHS Chemical Week

EnviroTech :: Biotech

Roche to Acquire Two Firms in North America

10:25 AM MDT | August 4, 2008 | Deepti Ramesh

Roche has announced plans to acquire two biotechnology firms in North America. The company says it has agreed to purchase biotech company Arius Research (Toronto) for about C$191 million ($187 million), and that it has signed a separate deal to acquire biopharmaceutical company Mirus Bio (Madison, WI) for $125 million. Babiss: Excellent fit with Roche’s R&D The Arius deal is expected to close in the third quarter. Arius conducts R&D in antibody therapeutics and has developed a proprietary antibody platform called FunctionFIRST, which generates and...

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