Sector News

Sweden’s Sobi says terminates takeover talks

June 9, 2015
Chemical Value Chain
Swedish rare diseases drugmaker Swedish Orphan Biovitrum (Sobi) said on Monday it had terminated discussions regarding a non-binding proposal in relation to a possible offer for the company.
 
The firm said in late April it had received a preliminary proposal for a bid on the company, and Reuters identified Pfizer as the bidder.
 
“The Board of Directors of Sobi has terminated discussions regarding this proposal,” Sobi said in a statement.
 
“Sobi will continue to focus on preparations for the upcoming planned launch of Elocta and Alprolix and on building value through its diverse and growing portfolio.”
 
(Reporting by Johannes Hellstrom; editing by Niklas Pollard)

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