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A Divesture To Kick Up Valuation For Genzyme Drives U.S. Expansion For Japanese Diagnostic Firm

This article was originally published in PharmAsia News

Executive Summary

TOKYO - True to its word, Genzyme sold off its diagnostics business, the second of three units the company said it would divest to generate shareholder value, but which is seen largely as a move to enhance valuation as it courts buyers. The Genzyme unit was sold to Japanese firm Sekisui Chemical, a young company that has been quick to expand its presence in the U.S

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