Biogen Idec

Biogen Idec to acquire Fumapharm AG

Published in Lab Business Week, July 2nd, 2006

Biogen Idec (BIIB) and Fumapharm AG, a privately held pharmaceutical company, announced that they have signed a definitive agreement for the acquisition of Fumapharm by Biogen Idec.

Fumapharm AG, founded in Switzerland in 1983, develops therapeutics derived from fumaric acid esters for patients with high unmet medical need. The company has two products: FUMADERM, a commercial product available in Germany for the treatment of psoriasis, and BG-12, a clinical-stage product that has been jointly developed with Biogen Idec. BG-12, an oral fumarate, is being studied for the treatment of multiple sclerosis (MS) and psoriasis.

"This acquisition supports our...

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Source: Lab Business Week (2006-07-02)

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