Wednesday, May 30, 2007

AstraZeneca's MedImmune buy gets U.S. antitrust nod

(Reuters) - Last month, AstraZeneca agreed to buy MedImmune in its biggest transaction since the creation of the Anglo-Swedish drugs group in 1999. The all-cash deal aims to boost AstraZeneca's depleted drug portfolio by moving deeper into biotech medicine and taking a first step into vaccines.




MedImmune is one of the largest independent U.S. biotech companies and is best known for the nasal spray flu vaccine FluMist. The Maryland-based company also has two other marketed products, Synagis for infectious respiratory disease and Ethyol for reducing chemotherapy side effects.


Read more at Reuters.com Government Filings News

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