Fujifilm To Buy 2 Merck Biotech Units For $490M

Law360, New York (February 28, 2011, 7:24 PM EST) -- Fujifilm Holdings Corp. on Monday said it would buy two Merck & Co. Inc. manufacturing and service subsidiaries in a deal reportedly worth $490 million in a bid to boost its presence in the pharmaceutical industry.

Fujifilm will acquire Merck BioManufacturing Network, a leading provider of contract manufacturing and development services for the biopharmaceutical industry that is wholly owned by Merck, the companies said.

The deal would be worth about 40 billion yen ($490 million), according to Japanese business daily Nikkei.

“Fujifilm continues to build upon...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.