Analysts have said that investors may only be willing to part with say may reach $10.4 billion (€8.3 million) by 2007. 4. Its other success story Novartis AG (NYSE: NVS) is a world leader in offering medicines to protect health, treat disease and improve well-being. } Swiss Alpine resorts are installing rides and other attractions on their slopes. var reg = new RegExp('\\W+', "g"); currently the sixth largest. equipment for testing products used in transfusions, while the Acquiring Organization: Novartis Novartis is a healthcare company that provides solutions to address the evolving needs of patients worldwide. Chiron Corporation acquired by Novartis . By combining our skills and resources we will enhance manufacturing reliability and capacity while accelerating our ability to innovate.". Swiss pharmaceuticals giant Novartis has raised its bid to buy the remaining stake in the world's fifth-biggest vaccine maker, Chiron, for $5.1 billion (SFr6.5 billion). These forward-looking statements speak only as of the date of this press release and no undertaking has been made to update or revise them if there are changes in expectations or in any events, conditions or circumstances on which any such forward-looking statement is based. for flu, HIV and other illnesses, which Lehman Brothers analysts position. Net profit at Swiss pharmaceuticals company Novartis rose by 12 per cent for the first six months of this year – a record result. We are strengthening our medicine-based portfolio, which is focused on strategic growth platforms in innovation-driven pharmaceuticals, high-quality and low-cost generics and leading self-medication OTC brands. The company has already spent almost $8bn this year buying two The all-cash deal represents a total value of USD 5.4 billion. return vOut; The blood testing business sells "Novartis will strive to ensure that we provide our customers and patients with a safe and effective supply of vaccines, especially at a time when the world faces the potential threat of a global flu pandemic. "With the close of this transaction, Novartis will gain access to attractive strategic growth platforms in the dynamic vaccines market and the rapidly expanding diagnostics business. It said last week that it would not reach its full-year earnings forecasts. Related tags: facility from rivals Wyeth. Novartis Novartis is the only company with leadership positions in both patented and generic pharmaceuticals. A settlement was reached where Roche Holding A.G. agreed to buy the glo… "With innovative medicines at our core, complemented by generic drugs, over-the-counter treatments and now preventive medicines in the form of vaccines, Novartis offers a full spectrum of treatments, benefiting patients and physicians around the world.". The company has been plagued by production problems at a plant in … raised. Novartis assumes no duty to update the information to reflect subsequent developments. To grow this business Novartis plans to make additional investments in R&D, and explore opportunities to expand in molecular diagnostics. Annual cost synergies totaling USD 200 million are anticipated within three years after closing, with 50% expected to be achieved in the first 18 months. Novartis, which plans to revamp Chiron, says the acquisition provides it with growth platforms in the vaccines market and in the molecular diagnostic business. The company said... SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR. This document contains "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act. "Chiron, which employs about 5,400 people worldwide, has activities in vaccines, blood testing and biopharmaceuticals. Forward-looking statements are statements that are not historical facts and are generally identified by the words "will", "expected", "anticipated", or similar expressions, or by express or implied discussions regarding strategies, plans and expectations (including synergies). vaccines supplies by acquiring a vaccine research and production "You can argue about the strategic fit as Chiron has a number of challenges which have to be addressed. Chiron has Subscribe, 04-Sep-2005 $(document).ready(function() { vaccine, Begrivac was intended primarily for the UK and German Basel, April 19, 2006 - Novartis announced today that shareholders of Chiron Corporation voted to approve its acquisition of Chiron, paving the way for the creation of a new division at Novartis focusing on vaccines and diagnostics. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those set forth or implied by the forward-looking statements. Novartis said that the acquisition would give it entry into the global vaccines business which is expected to experience accelerated growth over the next five years. The Basel-based company, which already owns 42 per cent of the shares in Chiron, increased its bid for the remaining 58 per cent to $45 a share, it was announced on Monday.This is $5 a share more than the original $4.5 billion offer made back in September, which was rejected by Chiron.Novartis said that its latest offer was unanimously approved by Chiron's independent directors.
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