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Apr 26, 2012 | Domain-B

Germany''s Merck acquires Europe''s largest biotech company

It is second time lucky for Merck. German pharmaceutical major Merck KGaA has reached an agreement to buy its rival and Europe's largest biotechnology company, Serono SA, for $13.3 billion.

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Related Topix: Biotech, Merck , Medicine, Healthcare Industry, Science / Technology, Merck KGaA, Schering AG, Parkinson's Disease, Health

Tue Apr 24, 2012

The Washington Post

Merck KGaA Plans to Close Serono Site in Geneva, Cut Jobs

Merck KGaA plans to close the Geneva headquarters of its Serono unit, five years after buying Europe's biggest biotechnology company for about $13.3 billion to expand a drug business that has since faced development and regulatory setbacks.

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Related Topix: Biotech, Medicine, Merck KGaA, Healthcare Industry, Science / Technology, World News, Germany, Business News

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