Posted AT 8:13 AM EST on 28/07/08
Sanofi-Aventis to buy Acambis for $551-million
PARIS — Sanofi-Aventis SA said its planned £276-million ($551-million U.S.) acquisition of Acambis Plc will bolster its leading position in the vaccine market and strengthen its development pipeline.
The deal, expected to close by the end of September, would add Acambis' key smallpox vaccine ACAM2000 to the existing portfolio of Sanofi Pasteur, the vaccines business of Sanofi-Aventis.
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