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Merck & Co. to Acquire Biologics Activities of Avecia

10:37 AM MST | December 22, 2009 | Alex Scott

Pharmaceuticals giant Merck & Co. says it has agreed to purchase the contract biologic drugs manufacturing activities of Avecia (Tees Valley, U.K.). Financial details were not disclosed. Avecia Biologics is a contract manufacturing organization with specific expertise in microbial-derived biologics. The oligomedicines Business of the Avecia group based in the U.S. does not form part of this transaction.   Under the terms of the agreement, Merck will acquire Avecia Biologics Limited and all its assets, including all the company's process development and...

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