Home » BIOTECH CO. SERONO TO ISSUE MORE SHARES
BIOTECH CO. SERONO TO ISSUE MORE SHARES
Swiss biotechnology company Serono, which has been the focus of takeover speculation for months, said Friday it planned to issue up to 7 billion Swiss francs ($5.4 billion) in new shares to increase capital and possibly fund its own acquisitions. Serono said its decision to issue up to 7.62 million new shares "could result in a sale of, merger of, or one or more acquisitions by, the company," it said. WJLA.com (http://www.wjla.com/news/stories/0306/315283.html)
KEYWORDS FDAnews Drug Daily Bulletin
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