IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Genzyme Sells Pharma Intermediates Business to ICIG

11:18 AM MST | March 9, 2011 | Deepti Ramesh

Biotechnology company Genzyme (Cambridge, MA) says it has completed the sale of its pharmaceutical intermediates business to the International Chemical Investors Group (ICIG; Frankfurt). Financial terms of the deal were not disclosed. ICIG purchased all of the pharmaceutical intermediates business, excluding the drug delivery technologies unit. The acquired business has been renamed Corden Pharma Switzerland and will operate as part of ICIG’s pharmaceutical business within the Corden Pharma group. The Corden Pharma group is the pharmaceutical market...

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