Mergers & Acquisitions

Biotech company acquires Serotec Group to strengthen global research antibody business

Published in Vaccine Weekly, February 15th, 2006

MorphoSys AG (MOR; TecDAX) announced the acquisition of privately held research antibody supplier Serotec, a move that more than triples MorphoSys' existing research antibody segment revenues and establishes the company as the leading supplier of research antibodies and antibody research technologies in Europe.

The purchase price of approximately GBP 20 million (approx. EUR 29.3 million) will be paid via approximately GBP 14 million (approx. EUR 20.5 million) cash and through the issuance of 208,560 new MorphoSys shares from a capital increase against contribution in kind. Serotec provides MorphoSys with a strong distribution network including subsidiaries and sales...

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Source: Vaccine Weekly (2006-02-15)

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