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The UK's Strakan to merge with French rival ProSkelia for London-listing.

Publication: Pharma Marketletter
Publication Date: 14-JUN-04
Format: Online - approximately 601 words
Delivery: Immediate Online Access

Article Excerpt
UK biotechnology firm Strakan Pharmaceuticals is to marry its French rival, Aventis' spin-off Proskelia, in an all stock deal, with the aim of creating a fully-integrated speciality pharmaceutical company focused on skin, bone and hormone disorders. The deal, which is due for completion in the early summer, allows both firms equal representation in the new company, which is to be renamed, and paves the way for a flotation on the London stock market.

Strakan's chief executive, Harry Stratford, has made no secret of the fact that the management intends...

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