Pharma Deals Review, Vol 2009, No 11 (2009)

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Enzon Divests Specialty Business to Sigma-tau

Taskin Ahmed

Abstract


Enzon Pharmaceuticals sold its specialty pharma unit to Italian drug maker, Sigma-tau Group for a total of US$327M in cash plus royalties. Last year the company had attempted to spin off its biotechnology business but this generated interest in the specialty arm.



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