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ID Biomedical buys Shire's vaccine business for £66.4mm

Executive Summary

As part of a strategy announced almost a year ago to exit the vaccines business, Shire Pharmaceuticals Group PLC is selling all the assets of its Canadian-based vaccines unit Shire Biologics, the subsidiary of Shire BioChem, to ID Biomedical (vaccines and gene identification) for £66.4mm ($120mm) or 4.8 times the unit's 2003 sales revenues.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Vaccines
Deal Status
  • Final
Deal Type
  • Acquisition
    • Intra-Biotech Deal
    • Includes Contract
    • Full Acquisition

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