Major pharmaceutical companies are diving into the gene therapy pool

therapy pool Here are a few of the recent deals:

 The Giant The Gene Therapy Co. The Deal Biogen Inc. Genovo Inc. Seed money: $38 million, 5 years Bristol-Myers Somatix Therapy Corp. Initial $10 million Squibb Co. stock purchase Ciba-Geigy Chiron Corp. 49.9% stake for Ltd. $2.1 billion Glaxo Sequana Therapeutics Undisclosed Wellcome Inc. Megabios Corp. milestone Spectra Biomedical Inc. payments Merck & Co. Vical Inc. $10.4 million Inc. invested to date Rh’ne-Poulenc 14 gene therapy firms $400 million for Rorer partner network Sandoz Ltd. Genetic Therapy Inc. $295 million purchase 

(The Scientist, Vol:9, #22, pg.10 , November 13, 1995)

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