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Sanofi Aventis posts

Genzyme Rejects Sanofi-Aventis's Buyout Proposal

Posted Aug 30th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Deals, Genzyme (GENZ)

Over the weekend, French pharmaceutical firm Sanofi-Aventis (SNY) made its attempt to take over biotech firm Genzyme (GENZ) official. SNY offered $69 per GENZ share, which is slightly more than a dollar higher over GENZ's Friday close. The total value of the offer comes to $18.5 billion.

Although the offer isn't much more than Friday's close, it is 38% higher than GENZ's July 1 close. This is when speculation cropped up about a potential buyout offer from SNY. GENZ turned down the offer, noting that SNY was undervaluing the company.

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Merck (MRK) issues recall for childhood vaccines

Posted Dec 13th 2007 1:22PM by Michael Fowlkes (RSS feed)
Filed under: Bad News, Press Releases, Products and Services, Consumer Experience, Merck and Co (MRK)

Drug maker Merck & Co. (NYSE : MRK) announced yesterday that it had recalled slightly over one million doses [subscription required] of its childhood vaccine Hib.

For parents out there, this recall, at this time, appears to be more proactive than anything else. According to Merck, the company decided to recall approximately 1.2 million doses of the popular childhood vaccine after it discovered that the equipment used to make the vaccine had been contaminated with bacteria.

For those of you who are not familiar with the Hib vaccine, it is used to vaccinate children against meningitis, pneumonia and other serious illnesses.

Continue reading Merck (MRK) issues recall for childhood vaccines