Bayer completes acquisition of U.S biologics manufacturing facility from Novartis

October 2007
Chemical Business;Oct2007, Vol. 21 Issue 10, p75
Trade Publication
The article reports on the acquisition by Bayer of a biologics manufacturing facility in California from Novartis in October 2007. Under the deal, the drug Betaseron will be manufactured by Bayer, retain all employees involved in the production of the drug. Reportedly, Novartis has also transferred manufacturing responsibilities of Betaseron to Bayer Schering Pharma worth US$200 million. Bayer Schering Pharma will also continue to pay royalties to Novartis until the expiration of the original regulatory filing.


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