Solvay Group holds 93.1% of Innogenetics shares
Offer on Innogenetics shares is extended from 22 October to 12 November
After closing of the offer, which is expected on 20 October, Solvay Group will hold 93.1% of the Innogenetics shares, the participation of 9.68% which Solvay Group held prior to the offer included. In accordance with Belgian law, the offer for Innogenetics shares will be reopened from 22 October to 12 November 2008.
“We are extremely pleased with the positive response of the Innogenetics shareholders during the second offer period. The reopening will provide the possibility for the remaining Innogenetics shareholders to take advantage of our offer”, said Werner Cautreels, CEO of Solvay Pharmaceuticals. “In the mean time, we will expedite the closing procedure of the transaction, in order to be able to implement rapidly our dual strategy : expansion of Innogenetics’ diagnostics business and leverage of both companies’ R&D competencies to accelerate the development of Solvay’s therapeutic pipeline through the implementation of biomarker, diagnostics and eventually companion diagnostics technologies”, he added.
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Topic world Diagnostics
Diagnostics is at the heart of modern medicine and forms a crucial interface between research and patient care in the biotech and pharmaceutical industries. It not only enables early detection and monitoring of disease, but also plays a central role in individualized medicine by enabling targeted therapies based on an individual's genetic and molecular signature.
Topic world Diagnostics
Diagnostics is at the heart of modern medicine and forms a crucial interface between research and patient care in the biotech and pharmaceutical industries. It not only enables early detection and monitoring of disease, but also plays a central role in individualized medicine by enabling targeted therapies based on an individual's genetic and molecular signature.