In a double-blind clinical trial, neither the researchers nor the subjects know whether Lemtrada, another drug, or a placebo was being administered. Genzyme instead did the opposite, by conducting the trial with both the subjects and the researchers knew which treatment was being administered. The FDA finally approved Lemtrada in Novemberover seven months past the approval deadline specified in the rights agreement.
The Company will be given a reasonable opportunity to review and comment on the Offer Documents prior to their filing with the SEC. Parent and Purchaser agree to take all steps necessary to cause the Offer Documents to be disseminated to holders of Shares to the extent required by applicable federal securities Laws.
Each of Parent, Purchaser and the Company agrees to promptly correct any information provided by it for use in the Offer Documents if and to the extent that it has become false or misleading in any material respect. Parent and Purchaser further agree to take all steps necessary to cause the Offer Documents as so corrected to be filed with the SEC and disseminated to holders of Shares, in each case as and to the extent required by applicable federal securities Laws.
No fraction of a CVR will be issued in connection with the Offer, the Merger or other transaction contemplated by this Agreement, and no certificates or scrip for any such fractional CVR shall be issued.
Except with respect to any amendments filed in connection with an Acquisition Proposal or a Change of Board Recommendation, Parent and Purchaser will be given a reasonable opportunity to review and comment on the Schedule 14D-9 prior to its filing with the SEC.
In connection with the Offer, the Company will cause its transfer agent to, furnish Parent and Purchaser with mailing labels, security position listings and readily available computer files containing the names and addresses of the record holders of the Shares as of recent date and will furnish or cause to be furnished to Parent and Purchaser such information and assistance including periodic updates of such information as Parent or Purchaser or their agents may reasonably request in communicating the Offer to the record and beneficial holders of the Shares.
Subject to the applicable requirements of Nasdaq, the Company will also use commercially reasonable efforts to cause individuals designated by Purchaser to constitute the same percentage of each committee of the Company Board as the percentage of the entire Company Board represented by individuals designated by Purchaser.May 05, · The merger agreement between Sanofi and Genzyme included such a provision.
When Sanofi acquired Genzyme in for $20 billion, Genzyme was in the midst of conducting clinical trials of Lemtrada, a seemingly promising multiple sclerosis drug. Feb 16, · Sanofi-aventis to Acquire Genzyme for $ in Cash Per Share Plus Contingent Value Right -- Combination will enhance sanofi-aventis' .
Source: Nicholas Hall & Company, FY * As per Sanofi definition. About Merial Merial is a world-leading, innovation-driven animal health company, providing a comprehensive range of products to enhance the health and well-being of a wide range of animals.
Apr 07, · sanofi-aventis has gained full control over Genzyme, bringing the much talked about acquisition deal between the two companies to a close.
In a press statement, sanofi-aventis announced that approximately % of Genzyme’s outstanding shares had been tendered for $74 in cash, giving the company ownership of approximately 77% of the shares on a fully diluted basis.
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Sanofi-Synthélabo was formed in when Sanofi merged with Synthélabo; at the time of the merger Sanofi was the second largest pharmaceutical group in France in .