Swiss biopartners bought by Polish drug manufacturer

Published: 14-Mar-2007
Research & Development

Swiss company Biopartners has been bought by Polish biotechnology company Bioton SA in a deal worth $78M.The deal involves an agreement for 100% shares in share capital, including the subsidiaries Biopartners GmbH (Switzerland) and Biopartners GmbH (Germany).


Swiss company Biopartners has been bought by Polish biotechnology company Bioton SA in a deal worth $78M.The deal involves an agreement for 100% shares in share capital, including the subsidiaries Biopartners GmbH (Switzerland) and Biopartners GmbH (Germany).

Biopartners is a biotech company concentrating on the development of drugs and biopharmaceuticals. Its main products include: Valtropin, a slow release human growth hormone, Interferon beta, Alpheon and Ravanex. The terms of the deal ensure that all Biopartners" operations remain untouched, with all drug development projects continuing as before under the same management.

Jean-Noel Treilles, ceo of Biopartners, said: "Bioton SA and Biopartners Holdings are complementary companies with excellent synergies in production and marketing, as well as sales and distribution. This acquisition will bring together each company's expertise, enabling expansion and acceleration of product development reducing a product's time-to-market."

A drug manufacturer Bioton produces recombinant human insulin and has been listed on the Warsaw stock exchange since March 2005. The company embarked on an international expansion strategy in 2004 and now holds 90.54% of SciGen, a high growth biopharmaceutical company, listed on the Australian Stock Exchange.

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