Astra strikes deal for US rival

AstraZeneca today said it would move into the vaccines market after unveiling the acquisition of US company MedImmune for more than £7bn (€10.3bn).

Astra strikes deal for US rival
Mon, 23 Apr, 2007 - 11:30

AstraZeneca today said it would move into the vaccines market after unveiling the acquisition of US company MedImmune for more than £7bn (€10.3bn).

The pharmaceuticals group will pay $15.2bn (€11.2bn) for its US rival, which owns and manufactures Synagis, a leading treatment for respiratory tract infections in babies and children.

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