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Genzyme acquistion of Bone Care approved, significant impact forecast

Madison, Wis. - One of Wisconsin's most prominent pharmaceutical companies has been purchased, its stock delisted and its name changed. This move will result in a continued limited presence in Wisconsin, but could also create potential opportunites for the state's life science industry, increase distribution of their drug and has returned significant cash for the firm's investors.

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Full article >>> company, those Bone Care employees not retained by Genzyme will be offered severance and outplacement assistance to help them transition to new employment.

Quinn said that while the company hopes to keep more than half of the existing staff - mostly in the sales and quality control divisions - executive positions will likely be offered severance packages.

"Since a lot of those po......

Full article >>> d the deals are usually successful for both parties. If a company as successful as Bone Care is purchased in Wisconsin it may help to draw more interest to the state, and having a large company like Genzyme holding office in the state could also help the industry get more momentum.

"The bottom line is we're hopeful the employee base remains in Dane County, but we're not in despair because......

Full article >>> hink this will set them up well for when they finally get a label for Renagel in the pre-dialysis market," Raymond said.......

Full article >>>
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Source:wistechnology.com By Les Chappell 07/01/05


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