Algeta Asa

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March 6th The Bayer Group completed the voluntary takeover offer for Norwegian pharmaceutical company Algeta ASA, Oslo. As a result, Bayer now holds 98.2 % of the shares and voting rights in Algeta. Bayer intends to initiate a compulsory acquisition process in order to acquire the remaining shares of minority shareholders in Algeta in the coming days. Bayer intends to file for delisting of the Algeta shares from the Oslo Stock Exchange (OSE). Algeta is a company focused on developing, manufacturing and marketing novel targeted therapies for patients with cancer. Algeta's lead product Xofigo® injection (radium Ra 223 dichloride, radium-223; previously called Alpharadin) is an alpha particle-emitting pharmaceutical with an anti-tumor effect on bone metastases. In September 2009, Algeta signed an agreement with Bayer for the development and commercialization of Xofigo. Under the terms of this agreement, Bayer will develop, apply for health authority approvals worldwide and commercialize Xofigo globally. Algeta is eligible for royalties and milestones based on Bayer’s sales of Xofigo outside the US, and Algeta US is co-promoting Xofigo with Bayer in the US. Algeta is also evaluating the potential of Targeted Thorium Conjugates (TTCs), which are based on conjugating the alpha-emitter thorium-227 to targeting molecules, as a basis of a potential future pipeline of tumor-targeting alpha-pharmaceutical candidates. In December 2013, the Board of Directors of Algeta ASA announced that it had unanimously recommended the voluntary cash offer (the “Offer”) of NOK 362 per share from Bayer to acquire the entire issued share capital of Algeta.

Company Details

Employees
16
Founded
-
Address
Kjelsåsveien 172 A, Oslo,norway
Phone
+49 214 300
Email
po****@****eta.com
Industry
Pharmaceutical Manufacturing
NAICS
Pharmaceutical and Medicine Manufacturing
Medicinal and Botanical Manufacturing
Pharmaceutical Preparation Manufacturing
In-Vitro Diagnostic Substance Manufacturing
Biological Product (except Diagnostic) Manufacturing
Website
algeta.com
Keywords
Engineer jobs.
HQ
Oslo
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News

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Former Algeta CEO named Advancell’s chair-elect BioCentury

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Bayer picks up Algeta for $2.9 billion Drug Discovery News

Germany’s Bayer Offers $2.4B for Algeta - drugdiscoverytrends.com

Germany’s Bayer Offers $2.4B for Algeta drugdiscoverytrends.com

Bayer Launches Takeover Offer for Algeta - CHEManager

Bayer Launches Takeover Offer for Algeta CHEManager

Bayer Unit Commences Takeover Offer Algeta Shares - Quick Facts - RTTNews

Bayer Unit Commences Takeover Offer Algeta Shares - Quick Facts RTTNews

Algeta Board OKs $2.9B Acquisition by Bayer - Genetic Engineering and Biotechnology News

Algeta Board OKs $2.9B Acquisition by Bayer Genetic Engineering and Biotechnology News

Bayer wins cancer firm Algeta with raised $2.9 billion bid - Reuters

Bayer wins cancer firm Algeta with raised $2.9 billion bid Reuters

J&J leads $25M Series A in targeted radiotherapy startup - Fierce Biotech

J&J leads $25M Series A in targeted radiotherapy startup Fierce Biotech

Bayer offers $2.4bn to buy Xofigo partner Algeta - PMLiVE

Bayer offers $2.4bn to buy Xofigo partner Algeta PMLiVE

Algeta wins FDA approval for prostate cancer treatment - The Boston Globe

Algeta wins FDA approval for prostate cancer treatment The Boston Globe

Bayer Clinches Algeta Acquisition with $2.6B Bid - Genetic Engineering and Biotechnology News

Bayer Clinches Algeta Acquisition with $2.6B Bid Genetic Engineering and Biotechnology News

Bayer agrees $2.9bn deal for Algeta to get Xofigo control - PMLiVE

Bayer agrees $2.9bn deal for Algeta to get Xofigo control PMLiVE

Bayer launches 1.9-bn-euro bid for Norway's Algeta - SKNVibes

Bayer launches 1.9-bn-euro bid for Norway's Algeta SKNVibes

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