Genzyme wins bidding war for AnorMED
It looks like that Genzyme has won the battle to acquire Canada's AnorMed. AnorMed's board has approved Genzyme's offer of $13.50 a share, which values the company at $580 million. That's $200 million more than Genzyme first offered and significantly higher than the $515 million offered by Millennium Pharmaceuticals in a competing bid. Millennium has bowed out of the bidding, but says it's owed $19.5 million under the terms of its pact with AnorMED. The deal will net Genzyme AnorMed's lead product: Mozobil, now in Phase III for hematopoietic stem cell transplantation.
- here's the release on the buyout agreement
- and more on the deal from the CBC
Related Articles:
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Millennium to buy AnorMed for $515M. Report
Genzyme boosts AnorMed bid to $580M. Report
AnorMED gives Genzyme bid thumb's up. Report


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