Roche, DeCODE set research pact

Article Abstract:

Iceland-based deCODE Genetics and Switzerland-based Roche Holding established an alliance that would enable the development of genetic-based tools to discern which diseases a person could get based upon their genes.

Research and Development in the Physical, Engineering, and Life Sciences, Alliances, partnerships, Genetic Engineering, Iceland, Biotechnology industry, Biotechnology industries, Contracts, deCODE genetics Inc., DCGS

Roche posts 2% drop in drug sales

Article Abstract:

Roche Holding AG posted a decline of 2% in its sales of drugs for the 2001 first-quarter. The company did post overall sales of 7.02 Swiss francs (4.59 billion euros) for the period, a 3% increase.

Sales, profits & dividends, Finance

Novartis buys 20% stake in Roche for C3.12 billion (Euro dollars)

Article Abstract:

Basel, Switzerland-based pharmaceuticals giant Novartis AG has paid 4.83 billion Swiss francs for 20% shares in rival Swiss drug company Roche Holding Ltd. Novartis AG's 20% stake is a voting stock and may lead to merger of both companies.

Asset sales & divestitures, Acquisitions & mergers, Mergers, acquisitions and divestments, Novartis AG, NVTSY