News Videos
International Edition


May 24, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Roche to buy US biotech company Seragon for as much as US$1.7 bil.

GENEVA--Swiss pharmaceutical group Roche said Wednesday it was buying Seragon Pharmaceuticals, a U.S. biotechnology firm specializing in a new way to fight breast cancer, in a deal worth up to US$1.7 billion (1.2 billion euros).

Seragon, a privately held outfit located in California, is developing a new generation of treatments for the most common form of breast cancer, Roche said in a statement.

Roche said its Genentech subsidiary would be acquiring Seragon, putting US$725 million in cash upfront and adding up to another US$1 billion if "certain predetermined milestones" are met. The deal is expected to be sealed by the end of September if anti-trust regulators raise no objection.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search