Genencor scales back health care activities

03-Aug-2005

As previously announced, Danisco has been working to spin off Genencor's health care activities. It has now been decided to divest the product portfolio rather than spin it off into a company with Danisco as a co-shareholder.

The decision results in an immediate reduction in force in Genencor affecting 22 positions and leaving 31 positions in the health care business. To ensure and support a divestment, focus will mainly be on the sections of the project portfolio that carry sales potential. This process is expected to be finalised in the months ahead.

During the transition period, Genencor will continue development activities for GCR-8015 (preclinical) and GCR-3888 (clinical), two compounds for hematologic malignancies.

The net restructuring costs involved were included in the previously announced special items for Genencor in 2005/06 totalling approximately DKK 300 million.

Other news from the department business & finance

These products might interest you

MS-Präzisionswaagen

MS-Präzisionswaagen by Mettler-Toledo

Trusted Results at Your Fingertips

Capacity from 320 g to 12.2 kg, readability from 1 mg to 100 mg

precision balances
Carepacs

Carepacs by Mettler-Toledo

Professional CarePacs for smooth routine testing

Tweezers, gloves and other accessories for professional weight handling

test weights
Loading...

Most read news

More news from our other portals

So close that even
molecules turn red...