Biogen Enters Into an Agreement to Sell Its Large-Scale Biologics Manufacturing Site in Hillerød, Denmark to Fujifilm
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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Source: GlobeNewswire
Approximately 800 employees at Hillerød site expected to continue employment under Fujifilm ownership Biogen will enter into manufacturing services agreements with Fujifilm to supply TYSABRI® and third-party products Biogen expects new manufacturing facility in Solothurn, Switzerland to be operational by the end of 2020 CAMBRIDGE, Mass., March 12, 2019 (GLOBE NEWSWIRE) -- Biogen (Nasdaq: BIIB) today announced that it has entered into a share purchase agreement with FUJIFILM Corporation (Fujifilm) under which Fujifilm will acquire the shares of Biogen’s subsidiary, which holds Biogen’s biologics manufacturing operations in Hillerød, Denmark, for up to $890 million in cash, subject to minimum purchase commitment guarantees and other contractual terms. The approximately 800 employees at the Hillerød subsidiary are expected to continue employment under Fujifilm ownership. As part of the proposed transaction, Biogen also announced today that it will enter into manufacturing service
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- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at HC Wainwright from $325.00 to $300.00. They now have a "buy" rating on the stock.MarketBeat
BIIB
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- 4/25/24 - Beat
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- 4/24/24 - Form 10-Q
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- 4/12/24 - Form PRE
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