Posts Tagged ‘Pharmaceuticals’

Sanofi Facility Approved in U.S.

Thursday, May 7th, 2009

Earlier today it was announced that the FDA has approved a new production facility for the manufacture of flu vaccines.   The facility, based in the U.S. is owned by sanofi pasteur, (a division of our client sanofi-aventis) which manufactures Fluzone Influenza Virus Vaccine. This new facility will greatly increase sanofi pasteur’s production capability.

Congratulations to them.  (Send some Fluzone our way!)

BMS to Sell Unit

Saturday, May 3rd, 2008

My former employer, Bristol-Myers Squibb Co., has announced it is selling its ConvaTec unit for $4.1 billion to two private equity firms:  Nordic Capital and Avista Capital Partners.  ConvaTec had been Bristol-Myers’ ostomy and surgical equipment.

Apparently, cash will be used to help finance Bristol-Myers’s strategy to shift its focus to biopharmaceuticals.