Japan's Fujifilm buys biologics unit from Biogen to boost healthcare business [Reuters]
Biogen Inc. (BIIB)
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Source: Reuters
Japan's Fujifilm buys biologics unit from Biogen to boost healthcare business | Reuters 2 Min Read TOKYO (Reuters) - Japan’s Fujifilm Holdings Corp will buy a drugmaking business from U.S.-based Biogen Inc for about $890 million to try to bolster its healthcare business as growth at its legacy photocopy operations stagnates. The unit holds Biogen’s biologics manufacturing operations in HillerA¸d, Denmark and about 800 employees at the subsidiary are expected to continue employment under Fujifilm, Biogen said in a statement on Tuesday. Fujifilm, known for its photocopier and imaging products, has been slowly expanding into healthcare. Last year the company said it would buy two biotechnology units from compatriot JXTG Holdings Inc for about $800 million. While imaging and healthcare brought in nearly the same amount of revenue for the nine months until December, the latter grew at a much faster pace. It recorded 11 percent year-on-year growth in that period while the imaging service po
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BIIB
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- 2/14/24 - Miss
BIIB
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- 4/24/24 - Form 8-K
- 4/12/24 - Form PRE
- 4/3/24 - Form 4
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